| 1 | 1 | | |
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| 2 | 2 | | |
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| 3 | 3 | | EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTING LAW. |
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| 4 | 4 | | [Brackets] indicate matter deleted from existing law. |
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| 5 | 5 | | *hb0145* |
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| 6 | 6 | | |
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| 7 | 7 | | HOUSE BILL 145 |
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| 8 | 8 | | P1, M5 5lr1300 |
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| 9 | 9 | | HB 660/24 – ECM & APP (PRE–FILED) CF SB 105 |
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| 10 | 10 | | By: Delegate Boafo |
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| 11 | 11 | | Requested: October 22, 2024 |
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| 12 | 12 | | Introduced and read first time: January 8, 2025 |
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| 13 | 13 | | Assigned to: Economic Matters and Appropriations |
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| 14 | 14 | | |
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| 15 | 15 | | A BILL ENTITLED |
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| 16 | 16 | | |
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| 17 | 17 | | AN ACT concerning 1 |
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| 18 | 18 | | |
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| 19 | 19 | | Green and Renewable Energy for Nonprofit Organizations Loan Program and 2 |
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| 20 | 20 | | Fund 3 |
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| 21 | 21 | | |
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| 22 | 22 | | FOR the purpose of establishing the Green and Renewable Energy for Nonprofit 4 |
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| 23 | 23 | | Organizations Loan Program in the Maryland Energy Administration to provide 5 |
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| 24 | 24 | | financial assistance to nonprofit organizations for the planning, purchase, and 6 |
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| 25 | 25 | | installation of qualifying energy systems; establishing the Green and Renewable 7 |
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| 26 | 26 | | Energy for Nonprofit Organizations Loan Fund as a special, nonlapsing fund; 8 |
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| 27 | 27 | | requiring interest earnings of the Green and Renewable Energy for Nonprofit 9 |
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| 28 | 28 | | Organizations Loan Fund to be paid into the Green and Renewable Energy for 10 |
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| 29 | 29 | | Nonprofit Organizations Loan Fund; altering the uses of the Maryland Strategic 11 |
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| 30 | 30 | | Energy Investment Fund to include providing funds to the Green and Renewable 12 |
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| 31 | 31 | | Energy for Nonprofit Organizations Loan Fund; and generally relating to the Green 13 |
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| 32 | 32 | | and Renewable Energy for Nonprofit Organizations Loan Program and Fund. 14 |
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| 33 | 33 | | |
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| 34 | 34 | | BY repealing and reenacting, without amendments, 15 |
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| 35 | 35 | | Article – State Finance and Procurement 16 |
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| 36 | 36 | | Section 6–226(a)(2)(i) 17 |
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| 37 | 37 | | Annotated Code of Maryland 18 |
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| 38 | 38 | | (2021 Replacement Volume and 2024 Supplement) 19 |
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| 39 | 39 | | |
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| 40 | 40 | | BY repealing and reenacting, with amendments, 20 |
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| 41 | 41 | | Article – State Finance and Procurement 21 |
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| 42 | 42 | | Section 6–226(a)(2)(ii)204. and 205. 22 |
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| 43 | 43 | | Annotated Code of Maryland 23 |
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| 44 | 44 | | (2021 Replacement Volume and 2024 Supplement) 24 |
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| 45 | 45 | | |
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| 46 | 46 | | BY adding to 25 |
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| 47 | 47 | | Article – State Finance and Procurement 26 |
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| 48 | 48 | | Section 6–226(a)(2)(ii)206. 27 2 HOUSE BILL 145 |
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| 49 | 49 | | |
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| 50 | 50 | | |
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| 51 | 51 | | Annotated Code of Maryland 1 |
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| 52 | 52 | | (2021 Replacement Volume and 2024 Supplement) 2 |
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| 53 | 53 | | |
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| 54 | 54 | | BY repealing and reenacting, without amendments, 3 |
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| 55 | 55 | | Article – State Government 4 |
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| 56 | 56 | | Section 9–20B–05(a) 5 |
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| 57 | 57 | | Annotated Code of Maryland 6 |
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| 58 | 58 | | (2021 Replacement Volume and 2024 Supplement) 7 |
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| 59 | 59 | | |
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| 60 | 60 | | BY repealing and reenacting, with amendments, 8 |
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| 61 | 61 | | Article – State Government 9 |
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| 62 | 62 | | Section 9–20B–05(f)(12) and (13) 10 |
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| 63 | 63 | | Annotated Code of Maryland 11 |
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| 64 | 64 | | (2021 Replacement Volume and 2024 Supplement) 12 |
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| 65 | 65 | | |
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| 66 | 66 | | BY adding to 13 |
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| 67 | 67 | | Article – State Government 14 |
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| 68 | 68 | | Section 9–20B–05(f)(13); and 9–2101 through 9–2107 to be under the new subtitle 15 |
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| 69 | 69 | | “Subtitle 21. Green and Renewable Energy for Nonprofit Organizations Loan 16 |
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| 70 | 70 | | Program” 17 |
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| 71 | 71 | | Annotated Code of Maryland 18 |
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| 72 | 72 | | (2021 Replacement Volume and 2024 Supplement) 19 |
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| 73 | 73 | | |
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| 74 | 74 | | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 20 |
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| 75 | 75 | | That the Laws of Maryland read as follows: 21 |
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| 76 | 76 | | |
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| 77 | 77 | | Article – State Finance and Procurement 22 |
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| 78 | 78 | | |
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| 79 | 79 | | 6–226. 23 |
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| 80 | 80 | | |
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| 81 | 81 | | (a) (2) (i) 1. This subparagraph does not apply in fiscal years 2024 24 |
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| 82 | 82 | | through 2028. 25 |
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| 83 | 83 | | |
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| 84 | 84 | | 2. Notwithstanding any other provision of law, and unless 26 |
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| 85 | 85 | | inconsistent with a federal law, grant agreement, or other federal requirement or with the 27 |
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| 86 | 86 | | terms of a gift or settlement agreement, net interest on all State money allocated by the 28 |
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| 87 | 87 | | State Treasurer under this section to special funds or accounts, and otherwise entitled to 29 |
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| 88 | 88 | | receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 30 |
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| 89 | 89 | | Fund of the State. 31 |
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| 90 | 90 | | |
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| 91 | 91 | | (ii) The provisions of subparagraph (i) of this paragraph do not apply 32 |
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| 92 | 92 | | to the following funds: 33 |
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| 93 | 93 | | |
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| 94 | 94 | | 204. the Climate Technology Founder’s Fund; [and] 34 |
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| 95 | 95 | | |
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| 96 | 96 | | 205. the Victims of Domestic Violence Program Grant Fund; 35 |
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| 97 | 97 | | AND 36 HOUSE BILL 145 3 |
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| 98 | 98 | | |
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| 99 | 99 | | |
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| 100 | 100 | | |
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| 101 | 101 | | 206. THE GREEN AND RENEWABLE ENERGY FOR 1 |
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| 102 | 102 | | NONPROFIT ORGANIZATIONS LOAN FUND. 2 |
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| 103 | 103 | | |
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| 104 | 104 | | Article – State Government 3 |
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| 105 | 105 | | |
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| 106 | 106 | | 9–20B–05. 4 |
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| 107 | 107 | | |
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| 108 | 108 | | (a) There is a Maryland Strategic Energy Investment Fund. 5 |
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| 109 | 109 | | |
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| 110 | 110 | | (f) The Administration shall use the Fund: 6 |
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| 111 | 111 | | |
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| 112 | 112 | | (12) to provide grants through the Customer–Sited Solar Program under § 7 |
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| 113 | 113 | | 9–2016 of this title; [and] 8 |
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| 114 | 114 | | |
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| 115 | 115 | | (13) TO PROVIDE FUNDS TO THE GREEN AND RENEWABLE ENERGY 9 |
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| 116 | 116 | | FOR NONPROFIT ORGANIZATIONS LOAN FUND ESTABLISHED U NDER § 9–2107 OF 10 |
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| 117 | 117 | | THIS TITLE; AND 11 |
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| 118 | 118 | | |
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| 119 | 119 | | [(13)] (14) to pay the expenses of the Program. 12 |
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| 120 | 120 | | |
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| 121 | 121 | | SUBTITLE 21. GREEN AND RENEWABLE ENERGY FOR NONPROFIT 13 |
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| 122 | 122 | | ORGANIZATIONS LOAN PROGRAM. 14 |
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| 123 | 123 | | |
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| 124 | 124 | | 9–2101. 15 |
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| 125 | 125 | | |
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| 126 | 126 | | (A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 16 |
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| 127 | 127 | | INDICATED. 17 |
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| 128 | 128 | | |
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| 129 | 129 | | (B) “ADMINISTRATION ” MEANS THE MARYLAND ENERGY 18 |
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| 130 | 130 | | ADMINISTRATION . 19 |
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| 131 | 131 | | |
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| 132 | 132 | | (C) “BORROWER” MEANS A NONPROFIT OR GANIZATION THAT APPL IES AND 20 |
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| 133 | 133 | | QUALIFIES FOR A LOAN UNDER THE PROGRAM. 21 |
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| 134 | 134 | | |
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| 135 | 135 | | (D) “FUND” MEANS THE GREEN AND RENEWABLE ENERGY FOR 22 |
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| 136 | 136 | | NONPROFIT ORGANIZATIONS LOAN FUND. 23 |
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| 137 | 137 | | |
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| 138 | 138 | | (E) “NONPROFIT ORGANIZATIO N” MEANS AN ORGANIZATIO N THAT IS 24 |
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| 139 | 139 | | EXEMPT FROM FEDERAL INCOME TAX UNDER § 501(C)(3) OF THE INTERNAL 25 |
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| 140 | 140 | | REVENUE CODE. 26 |
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| 141 | 141 | | |
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| 142 | 142 | | (F) “PROGRAM” MEANS THE GREEN AND RENEWABLE ENERGY FOR 27 |
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| 143 | 143 | | NONPROFIT ORGANIZATIONS LOAN PROGRAM. 28 |
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| 144 | 144 | | 4 HOUSE BILL 145 |
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| 145 | 145 | | |
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| 146 | 146 | | |
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| 147 | 147 | | (G) “QUALIFYING ENERG Y SYSTEM” MEANS A SYSTEM THAT : 1 |
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| 148 | 148 | | |
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| 149 | 149 | | (1) GENERATES ELECTRICIT Y OR USABLE THERMAL ENERGY THAT IS 2 |
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| 150 | 150 | | USED TO MEET ON –SITE DEMAND; AND 3 |
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| 151 | 151 | | |
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| 152 | 152 | | (2) ASSISTS THE STATE IN MEETING THE ENVIRONMENTAL AND 4 |
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| 153 | 153 | | GREENHOUSE GAS REDUC TION GOALS UNDER TITLE 2, SUBTITLE 12 OF THE 5 |
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| 154 | 154 | | ENVIRONMENT ARTICLE. 6 |
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| 155 | 155 | | |
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| 156 | 156 | | 9–2102. 7 |
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| 157 | 157 | | |
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| 158 | 158 | | THERE IS A GREEN AND RENEWABLE ENERGY FOR NONPROFIT 8 |
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| 159 | 159 | | ORGANIZATIONS LOAN PROGRAM IN THE ADMINISTRATION . 9 |
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| 160 | 160 | | |
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| 161 | 161 | | 9–2103. 10 |
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| 162 | 162 | | |
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| 163 | 163 | | THE PURPOSE OF THE PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE IN 11 |
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| 164 | 164 | | THE FORM OF NO –INTEREST LOANS TO NO NPROFIT ORGANIZATIONS FOR TH E 12 |
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| 165 | 165 | | PLANNING, PURCHASE, AND INSTALLATION OF QUALIFYING ENERGY SY STEMS IN 13 |
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| 166 | 166 | | THE STATE. 14 |
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| 167 | 167 | | |
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| 168 | 168 | | 9–2104. 15 |
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| 169 | 169 | | |
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| 170 | 170 | | THE ADMINISTRATION SHALL : 16 |
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| 171 | 171 | | |
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| 172 | 172 | | (1) MANAGE, SUPERVISE, AND ADMINISTER THE PROGRAM; 17 |
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| 173 | 173 | | |
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| 174 | 174 | | (2) ADOPT REGULATIONS TO ENSURE THAT LOANS PR OVIDED TO 18 |
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| 175 | 175 | | NONPROFIT ORGANIZATIONS C ARRY OUT THE PURPOSE OF THE PROGRAM; AND 19 |
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| 176 | 176 | | |
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| 177 | 177 | | (3) ATTACH TO ANY LOAN S PECIFIC TERMS THAT A RE CONSIDERED 20 |
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| 178 | 178 | | NECESSARY TO ENSURE THAT THE PURPOSE OF THE PROGRAM IS FULFILLED . 21 |
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| 179 | 179 | | |
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| 180 | 180 | | 9–2105. 22 |
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| 181 | 181 | | |
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| 182 | 182 | | (A) (1) A BORROWER MUST FILE A N APPLICATION WITH T HE 23 |
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| 183 | 183 | | ADMINISTRATION TO RECEIV E A LOAN UNDER THE PROGRAM. 24 |
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| 184 | 184 | | |
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| 185 | 185 | | (2) THE APPLICATION MUST BE SIGNED BY THE CHI EF OPERATING 25 |
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| 186 | 186 | | OFFICER OR AN AUTHOR IZED OFFICER OF THE NONPROFIT ORGANIZATI ON. 26 |
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| 187 | 187 | | |
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| 188 | 188 | | (B) THE APPLICATION MUST CONTAIN ANY INFORMAT ION THE 27 |
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| 189 | 189 | | ADMINISTRATION DETERM INES IS NECESSARY, INCLUDING: 28 |
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| 190 | 190 | | |
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| 191 | 191 | | (1) THE PROJECTED COST O F THE QUALIFYING ENE RGY SYSTEM OR 29 HOUSE BILL 145 5 |
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| 192 | 192 | | |
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| 193 | 193 | | |
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| 194 | 194 | | TECHNICAL ASSISTANCE BEING FINANCED THROU GH THE LOAN; 1 |
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| 195 | 195 | | |
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| 196 | 196 | | (2) THE LOCATION OF THE PROPERTY WHERE THE Q UALIFYING 2 |
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| 197 | 197 | | ENERGY SYSTEM WILL B E INSTALLED AND WHET HER THE PROPERTY IS OWNED OR 3 |
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| 198 | 198 | | LEASED BY THE APPLIC ANT; AND 4 |
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| 199 | 199 | | |
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| 200 | 200 | | (3) ANY ADDITIONAL INFOR MATION RELATING TO T HE BORROWER OR 5 |
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| 201 | 201 | | THE PROPOSED QUALIFY ING ENERGY SYSTEM BE ING FINANCED THROUGH THE 6 |
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| 202 | 202 | | LOAN THAT MAY BE REQ UIRED BY THE ADMINISTRATION TO ADM INISTER THE 7 |
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| 203 | 203 | | PROGRAM. 8 |
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| 204 | 204 | | |
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| 205 | 205 | | (C) THE ADMINISTRATION MAY AP PROVE AN APPLICATION FOR A LOAN 9 |
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| 206 | 206 | | SPECIFIED IN § 9–2106(A)(1) OF THIS SUBTITLE ONL Y IF THE APPLICATION 10 |
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| 207 | 207 | | DEMONSTRATES THAT TH E PROPOSED QUALIFYIN G ENERGY SYSTEM IS E STIMATED, 11 |
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| 208 | 208 | | BASED ON PROJECTED E NERGY COSTS, TO GENERATE ENERGY C OST SAVINGS OVER 12 |
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| 209 | 209 | | THE USEFUL LIFE OF T HE SYSTEM THAT EQUAL OR EXCEED THE TOTAL AMORTIZED 13 |
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| 210 | 210 | | COST OF THE LOAN . 14 |
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| 211 | 211 | | |
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| 212 | 212 | | (D) IN APPROVING AN APPLI CATION, THE ADMINISTRATION SHALL 15 |
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| 213 | 213 | | CONSIDER AND GIVE PR IORITY TO AN APPLICA NT THAT HAS AN ANNUA L BUDGET OF 16 |
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| 214 | 214 | | $1,000,000 OR LESS. 17 |
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| 215 | 215 | | |
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| 216 | 216 | | 9–2106. 18 |
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| 217 | 217 | | |
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| 218 | 218 | | (A) LOANS FROM THE FUND MAY BE USED FOR : 19 |
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| 219 | 219 | | |
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| 220 | 220 | | (1) THE PURCHASE AND INS TALLATION OF A QUALI FYING ENERGY 20 |
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| 221 | 221 | | SYSTEM, INCLUDING ANY NECESS ARY ANCILLARY MACHIN ERY, EQUIPMENT, OR 21 |
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| 222 | 222 | | FURNISHINGS; AND 22 |
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| 223 | 223 | | |
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| 224 | 224 | | (2) TECHNICAL ASSISTANCE FOR THE PLANNING AND INSTALLATION 23 |
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| 225 | 225 | | OF A QUALIFYING ENERGY SYST EM. 24 |
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| 226 | 226 | | |
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| 227 | 227 | | (B) EACH BORROWER FOR A L OAN UNDER SUBSECTION (A)(1) OF THIS 25 |
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| 228 | 228 | | SECTION SHALL CONTRI BUTE AT LEAST 10% OF THE COST OF THE Q UALIFYING 26 |
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| 229 | 229 | | ENERGY SYSTEM . 27 |
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| 230 | 230 | | |
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| 231 | 231 | | (C) (1) LOANS MADE UNDER THE PROGRAM SHALL BE REPA YABLE BY 28 |
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| 232 | 232 | | THE BORROWER IN ACCO RDANCE WITH A SCHEDULE SE T BY THE ADMINISTRATION . 29 |
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| 233 | 233 | | |
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| 234 | 234 | | (2) THE SCHEDULE SET BY T HE ADMINISTRATION MAY BE ON A 30 |
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| 235 | 235 | | DEFERRED PAYMENT BAS IS. 31 |
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| 236 | 236 | | |
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| 237 | 237 | | (D) (1) A BORROWER SHALL PROVI DE ASSURANCES FOR TH E 32 6 HOUSE BILL 145 |
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| 238 | 238 | | |
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| 239 | 239 | | |
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| 240 | 240 | | REPAYMENT OF A LOAN . 1 |
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| 241 | 241 | | |
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| 242 | 242 | | (2) THE ASSURANCES : 2 |
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| 243 | 243 | | |
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| 244 | 244 | | (I) SHALL INCLUDE A PROM ISSORY NOTE; AND 3 |
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| 245 | 245 | | |
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| 246 | 246 | | (II) MAY INCLUDE A PLAN F OR REPAYMENT . 4 |
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| 247 | 247 | | |
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| 248 | 248 | | (E) LOANS MAY BE MADE IN CONJUNCTION WITH OR IN ADDITION TO 5 |
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| 249 | 249 | | FINANCIAL ASSISTANCE PROVIDED THROUGH OTH ER STATE OR FEDERAL 6 |
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| 250 | 250 | | PROGRAMS. 7 |
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| 251 | 251 | | |
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| 252 | 252 | | 9–2107. 8 |
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| 253 | 253 | | |
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| 254 | 254 | | (A) THERE IS A GREEN AND RENEWABLE ENERGY FOR NONPROFIT 9 |
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| 255 | 255 | | ORGANIZATIONS LOAN FUND. 10 |
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| 256 | 256 | | |
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| 257 | 257 | | (B) THE ADMINISTRATION SHALL ADMINISTER THE FUND. 11 |
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| 258 | 258 | | |
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| 259 | 259 | | (C) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 12 |
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| 260 | 260 | | SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 13 |
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| 261 | 261 | | |
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| 262 | 262 | | (2) THE STATE TREASURER SHALL HOLD THE FUND SEPAR ATELY, 14 |
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| 263 | 263 | | AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 15 |
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| 264 | 264 | | |
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| 265 | 265 | | (D) THE FUND CONSISTS OF : 16 |
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| 266 | 266 | | |
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| 267 | 267 | | (1) MONEY APPROPRIATED I N THE STATE BUDGET TO THE PROGRAM; 17 |
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| 268 | 268 | | |
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| 269 | 269 | | (2) MONEY TRANSFERRED FR OM THE STRATEGIC ENERGY 18 |
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| 270 | 270 | | INVESTMENT FUND ESTABLISHED UNDE R § 9–20B–05 OF THIS TITLE; 19 |
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| 271 | 271 | | |
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| 272 | 272 | | (3) MONEY RECEIVED FROM ANY PUBLIC OR PRIVAT E SOURCE; 20 |
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| 273 | 273 | | |
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| 274 | 274 | | (4) INTEREST AND INVESTM ENT EARNINGS OF THE FUND; AND 21 |
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| 275 | 275 | | |
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| 276 | 276 | | (5) REPAYMENTS AND PREPA YMENTS ON LOANS MADE FROM THE 22 |
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| 277 | 277 | | FUND. 23 |
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| 278 | 278 | | |
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| 279 | 279 | | (E) (1) IN FISCAL YEAR 2027, THE GOVERNOR MAY INCLUDE IN THE 24 |
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| 280 | 280 | | ANNUAL BUDGET BI LL AN APPROPRIATION OF $5,000,000 FOR THE FUND. 25 |
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| 281 | 281 | | |
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| 282 | 282 | | (2) IN FISCAL YEAR 2028, THE GOVERNOR MAY INCLUDE IN THE 26 |
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| 283 | 283 | | ANNUAL BUDGET BILL A N APPROPRIATION EQUA L TO AT LEAST $5,000,000 MINUS 27 |
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| 284 | 284 | | THE AMOUNT IN THE FUND AS OF JUNE 30 OF THE IMMEDIATELY P RECEDING 28 HOUSE BILL 145 7 |
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| 285 | 285 | | |
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| 286 | 286 | | |
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| 287 | 287 | | FISCAL YEAR. 1 |
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| 288 | 288 | | |
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| 289 | 289 | | (F) THE FUND MAY BE USED ONLY : 2 |
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| 290 | 290 | | |
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| 291 | 291 | | (1) TO PAY THE EXPENSES OF THE PROGRAM; AND 3 |
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| 292 | 292 | | |
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| 293 | 293 | | (2) TO PROVIDE LOANS TO ELIGIBLE BORROWERS U NDER THE 4 |
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| 294 | 294 | | PROGRAM. 5 |
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| 295 | 295 | | |
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| 296 | 296 | | (G) (1) THE STATE TREASURER SHALL INVES T AND REINVEST THE 6 |
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| 297 | 297 | | MONEY OF THE FUND IN THE SAME MANN ER AS OTHER STATE MONEY MAY BE 7 |
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| 298 | 298 | | INVESTED. 8 |
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| 299 | 299 | | |
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| 300 | 300 | | (2) ANY INVESTMENT EARNIN GS OF THE FUND SHALL BE PAID IN TO 9 |
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| 301 | 301 | | THE FUND. 10 |
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| 302 | 302 | | |
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| 303 | 303 | | (3) ANY REPAYMENT ON LOAN S MADE FROM THE FUND SHALL BE 11 |
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| 304 | 304 | | PAID INTO THE FUND. 12 |
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| 305 | 305 | | |
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| 306 | 306 | | SECTION 2. AND BE IT FURTHER ENACTED, That, on or before July 1, 2026, the 13 |
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| 307 | 307 | | Maryland Energy Administration shall: 14 |
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| 308 | 308 | | |
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| 309 | 309 | | (1) establish an application process for loans made under the Green and 15 |
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| 310 | 310 | | Renewable Energy for Nonprofit Organizations Loan Program in Title 9, Subtitle 21 of the 16 |
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| 311 | 311 | | State Government Article, as enacted by Section 1 of this Act; 17 |
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| 312 | 312 | | |
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| 313 | 313 | | (2) set guidelines and considerations for application, selection, and 18 |
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| 314 | 314 | | repayment that include: 19 |
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| 315 | 315 | | |
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| 316 | 316 | | (i) nonprofit organizations that own, rather than rent, their 20 |
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| 317 | 317 | | buildings; 21 |
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| 318 | 318 | | |
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| 319 | 319 | | (ii) property size and kilowatt–hours of energy used; 22 |
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| 320 | 320 | | |
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| 321 | 321 | | (iii) geographic diversity; 23 |
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| 322 | 322 | | |
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| 323 | 323 | | (iv) ethnic and racial diversity; 24 |
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| 324 | 324 | | |
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| 325 | 325 | | (v) economic diversity; 25 |
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| 326 | 326 | | |
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| 327 | 327 | | (vi) nonprofit organization mission diversity; 26 |
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| 328 | 328 | | |
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| 329 | 329 | | (vii) access to the borrower’s portion of the cost of the qualifying 27 |
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| 330 | 330 | | energy system; and 28 |
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| 331 | 331 | | |
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| 332 | 332 | | (viii) process and frequency of loan repayment; and 29 8 HOUSE BILL 145 |
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| 333 | 333 | | |
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| 334 | 334 | | |
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| 335 | 335 | | |
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| 336 | 336 | | (3) develop and implement an advertising campaign for the Green and 1 |
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| 337 | 337 | | Renewable Energy for Nonprofit Organizations Loan Program. 2 |
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| 338 | 338 | | |
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| 339 | 339 | | SECTION 3. AND BE IT FURTHER ENACTED, That Section 1 of this Act shall take 3 |
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| 340 | 340 | | effect July 1, 2026. 4 |
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| 341 | 341 | | |
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| 342 | 342 | | SECTION 4. AND BE IT FURTHER ENACTED, That, except as provided in Section 5 |
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| 343 | 343 | | 3 of this Act, this Act shall take effect July 1, 2025. 6 |
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| 344 | 344 | | |
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