WA
Washington House Bill HB2417

Washington 2023-2024 Regular Session

Washington House Bill HB2417

Introduced
1/18/24  

Caption

Establishing the development of renewable energy for Washington revolving loan program and account.

Impact

The implementation of HB 2417 could significantly alter how renewable energy projects are financed in Washington. By setting up a state-managed loan program, the bill is likely to make it easier for both public and private entities to access funding for renewable energy initiatives. This support could lead to an increase in the number of such projects undertaken in the state, thereby making strides towards achieving Washington's energy goals and commitments to reduce greenhouse gas emissions.

Summary

House Bill 2417 aims to establish a revolving loan program and account specifically focused on the development of renewable energy sources within the state of Washington. This bill underscores the state's commitment to improving its renewable energy infrastructure while facilitating financial support for various renewable energy projects. The revolving loan aspect of the program is designed to allow funds to be replenished through loan repayments, ensuring the sustainability and longevity of the funding availability.

Contention

While the intent of the bill is to stimulate renewable energy development, discussions may arise regarding the allocation of funds, criteria for loan issuance, and the potential for bureaucratic inefficiencies that could accompany a new state program. Critics might express concerns about the effectiveness of a centralized program in meeting the diverse needs of various communities and energy projects throughout the state. Furthermore, the reliance on state funding for renewable initiatives may lead to debates about prioritization of projects and the political implications of funding decisions.

Latest HB2417 Activity

Companion Bills

No companion bills found.

Previously Filed As

WA SB5759

Establishing the development of renewable energy for Washington revolving loan program and account.

WA HR4632

Supporting Washingtonians with developmental disabilities.

WA HB2244

Improving retirement security for Washingtonians by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute.

WA HB2336

Assessing the suitability of lands in Washington for agricultural and renewable energy purposes.

WA SB6069

Revised for Engrossed: Improving private Washington workforce retirement security standards by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute.Revised for 1st Substitute: Improving retirement security for Washingtonians by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute.Original: Improving retirement security for Washingtonians by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute.

WA HB2374

Establishing the Washington promise program.

WA SB5712

Expanding the Washington college grant and establishing the Washington college promise program.

WA SB5958

Establishing the Washington career skills grant program.

WA SB5344

Revised for Engrossed: Establishing a school modernization loan program.Original: Establishing a public school revolving fund.

WA HB1960

Encouraging renewable energy in Washington through tax policy and investment in local communities.

Similar Bills

No similar bills found.