Connecticut Senate Bill SB00134

Connecticut 2014 Regular Session

• Introduced: 2/18/14
• Refer: 2/18/14

Caption

An Act Appropriating Funds To The Clean Energy Finance And Investment Authority.

Impact

If enacted, SB00134 is expected to enhance the financial capacity of the Clean Energy Finance and Investment Authority, enabling it to support more projects and initiatives related to clean energy. This increase in funding could facilitate advancements in renewable energy technologies, improvements in energy efficiency, and the expansion of clean energy infrastructure across the state. Overall, the bill aims to bolster the state's position in the clean energy sector, potentially resulting in job creation and economic growth tied to sustainable practices.

Summary

Bill SB00134, also known as the Act Appropriating Funds To The Clean Energy Finance And Investment Authority, aims to allocate a total of nineteen million dollars from the General Fund to the Clean Energy Finance and Investment Authority for the fiscal year ending June 30, 2015. The primary objective of the bill is to increase funding for clean energy investments, reinforcing the state's commitment to promoting sustainable energy practices and reducing reliance on fossil fuels.

Contention

While the bill has the potential to yield significant benefits in clean energy development, it may not be without contention. Opponents may raise concerns regarding the allocation of state funds, particularly in the context of competing budgetary priorities. Critics may argue that investing a substantial sum into one sector could divert resources away from other essential services or programs. Moreover, debates may arise around the effectiveness and management of the Clean Energy Finance and Investment Authority and whether the funds will be utilized efficiently in promoting environmentally friendly practices.