[ §196-113] Solar hui investment fund.
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[ §196-113] Solar hui investment fund.
(a)There is established the solar hui investment fund into which shall be deposited the following:
(1)Appropriations by the legislature;
(2)Investments received from multi-family residential property owners;
(3)All other money received for the fund from any other source; and
(4)All income and interest earned or accrued on moneys deposited into the fund.
(b)The solar hui investment fund may be used to:
(1)Enter into energy services agreements with low- and moderate-income households to install a solar energy system;
(2)Invest in energy projects;
(3)Pay administrative costs of the solar hui program; or
(4)Pay any other costs related to the solar hui program. [L 2024, c 40, pt of §1]