Under House Bill 957, DOE Would Get Millions in Interest-Free GEMS Loan

posted in: May 2017 | 0

House Bill 957 has been enthusiastically supported by the Department of Education (DOE), the teachers’ union, parents, contractors, and others too numerous to list here. It calls for allowing up to $46.4 million in Green Energy Market Securitization funds to be loaned to the Department of Education to continue the “cool schools” initiative that began last year with the appropriation of $100 million for energy efficiency and other measures that would be used to lower temperatures in classrooms.

The bill would also appropriate general funds to pay for interest on the loan for the first year.

Gwen Yamamoto Lau . . .

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