PRINTER'S NO. 304
THE GENERAL ASSEMBLY OF PENNSYLVANIA
INTRODUCED BY FARNESE, FERLO, YUDICHAK, FONTANA, BREWSTER, WASHINGTON, WILLIAMS, HUGHES, TARTAGLIONE, COSTA, STACK, BLAKE AND BOSCOLA, FEBRUARY 1, 2013
REFERRED TO ENVIRONMENTAL RESOURCES AND ENERGY, FEBRUARY 1, 2013
1Amending the act of July 9, 2008 (1st Sp.Sess., P.L.1873, No.1),
2entitled "An act providing for alternative sources of energy;
3establishing the Alternative Energy Development Program, the
4Consumer Energy Program, the Home Energy Efficiency Loan
5Program, the Home Energy Efficiency Loan Fund and the
6Alternative Energy Production Tax Credit Program; and
7providing for the powers and duties of the Department of
8Environmental Protection," further providing for definitions
9and for the Commonwealth Financing Authority.
12Section 1. The definitions of "alternative energy production
13project" and "clean energy project" in section 102 of the act of
14July 9, 2008 (1st Sp.Sess., P.L.1873, No.1), known as the
15Alternative Energy Investment Act, are amended to read:
16Section 102. Definitions.
1(1) A facility that utilizes waste coal, alternative
2fuels, biomass, solar energy, wind energy, geothermal
3technologies, clean coal technologies, waste energy
4technologies or other alternative energy sources as defined
5in the act of November 30, 2004 (P.L.1672, No.213), known as
6the Alternative Energy Portfolio Standards Act, to produce or
7distribute alternative energy.
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30(3) Facilitates the construction of a new high
1performance building, the retrofit of an existing building to
2meet high performance building standards or the preparation
3of a site for high performance building development,
4including equipment acquisition, construction, infrastructure
5and site preparation.
9(5) An energy service project.
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20Section 307. Commonwealth Financing Authority.
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26(1) The maximum amount of the grant shall not exceed
27$100,000 for every job projected to be created or retained by
28the business within three years after the approval of the
29grant. If the business fails to create or retain the
30projected number of jobs, the authority may require the
3(2) The authority may waive the job creation
4requirements under paragraph (1) if the authority determines
5that investing in the capital equipment needs of the business
6will allow the business to further its development and
7manufacturing capabilities and where the investment in
8capital equipment is reasonably expected to lead to long-term
9job creation and retention.
10(g.2) Matching funds for projects.--The authority may
11require applicants to make an investment in the proposed project
12in order to receive a loan or grant under subsection (a). The
13amount of the matching investment shall be 50¢ for every $1 of
14funds awarded by the authority. Nothing under this section shall
15be construed as prohibiting the authority from imposing a
16matching funds requirement for any other program created under
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19Section 3. This act shall take effect in 60 days.