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Pennsylvania Statutes Title 71 P.S. State Government § 720.9. Energy Development Plan (Adm. Code § 2809-C)

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) In order to devise the most effective strategy for providing the financial and technical assistance authorized in this article, the authority shall publish, within one hundred eighty days of the effective date of this act, a plan for the allocation and distribution of financial and technical assistance. The Energy Development Plan shall:

(1) Place maximum reliance upon allocation and distribution strategies which exploit the use of other available Federal, State, local and private financial support.

(2) Allocate appropriated authority funds, moneys made available from payment of principal and interest received by the authority not otherwise payable to other creditors or bondholders and other funds available to the authority to projects whose likelihood or implementation would be diminished unless financial and technical assistance from the authority is made available.

(3) Provide for the approval of assistance for projects which will make the greatest possible contributions to energy conservation and development.

(4) Provide financial and technical assistance only to persons with a demonstrated need and who evidence reasonable likelihood of being able, in the case of loans and loan guarantees, to repay such loans.

(5) Identify the various classes of projects to be provided with financial and technical assistance and allocate available authority funds among these classes. Specifically, the authority shall consider increasing coal production and the use of renewable fuels and in energy efficiency in buildings and industry in establishing its priorities.

(6) Establish application procedures and criteria for granting financial and technical assistance.

(7) Establish procedures for the periodic updating and revision of the Energy Development Plan.

(b) The authority shall hold public hearings at locations throughout the Commonwealth to receive comments upon and suggestions for the improvement of the Energy Development Plan. These hearings shall be concluded within ninety days of the publication of the initial plan. Not more than ninety days following the completion of hearings, the authority shall promulgate its final Energy Development Plan.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 71 P.S. State Government § 720.9. Energy Development Plan (Adm. Code § 2809-C) - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-71-ps-state-government/pa-st-sect-71-720-9/

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