-
Current through October 23, 2012
(a) There is established a fund designated as the Renewable Energy Development Fund, which shall be separate from the General Fund of the District of Columbia and shall be used solely for the purposes set forth in this section. All fees, payment, investment earnings, or other funds received, and all interest on the funds, shall be deposited into the Fund without regard to fiscal year limitation and shall not any time be transferred to, or lapse into, or be commingled with the General Fund of the District of Columbia or any other fund or account of the District of Columbia, except as delineated in this section. The Fund shall be continually available for the uses and purposes set forth in subsection (c) of this section.
(b) The Fund established by this section shall be administered by the Energy Office. The Energy Office shall receive and review applications for loans, grants, rebates, and other financial incentives for eligible projects from the Fund.
(c) The Fund shall be used solely for the purpose of making loans, grants, rebates, and other financial incentives to support the creation of new solar energy sources in the District of Columbia and for otherwise administering the Fund.
(d) Proceeds for the Fund shall be collected from the following:
(1) Compliance fees paid under § 34-1434;
(2) Payments received in repayment of a loan;
(3) Investment earnings of the Fund; and
(4) Any other money from any other source accepted for the benefit of the Fund.
(e) The Energy Office shall establish the eligibility criteria for projects supported by the Fund. The Energy Office may allow the use of money of the Fund for administrative expenses related to the Fund and project review and oversight.
(f) The DDOE shall provide to the Council a quarterly report detailing:
(1) Expenditures from the Renewable Energy Development Fund; and
(2) The performance of programs or projects funded by the Renewable Energy Development Fund.
(g) Any compliance fees paid into the Fund by an electricity supplier that were charged to the District of Columbia government through a cost recovery surcharge authorized in § 34-1435(c) shall be transferred from the Fund to the General Fund of the District of Columbia and used to cover any surcharge owed by the District of Columbia government.
(Apr. 12, 2005, D.C. Law 15-340, § 8, 52 DCR 2285; Oct. 22, 2008, D.C. Law 17-250, § 301(d), 55 DCR 9225; Sept. 24, 2010, D.C. Law 18-223, § 1112, 57 DCR 6242; Oct. 20, 2011, D.C. Law 19-36, § 2(c), 58 DCR 6837.)
HISTORICAL AND STATUTORY NOTES
Effect of Amendments
D.C. Law 17-250 added subsec. (f).
D.C. Law 18-223, in subsecs. (b) and (c), substituted "loans, grants, rebates, and other financial incentives" for "loans and grants".
D.C. Law 19-36, in subsec. (a), substituted "account of the District of Columbia, except as delineated in this section" for "account of the District of Columbia"; and added subsec. (g).
Emergency Act Amendments
For temporary (90 day) amendment of section, see § 301(d) of Clean and Affordable Energy Emergency Act of 2008 (D.C. Act 17-508, September 25, 2008, 55 DCR 10856).
For temporary (90 day) amendment of section, see § 1112 of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542).
For temporary (90 day) amendment of section, see § 2(c) of Distributed Generation Emergency Amendment Act of 2011 (D.C. Act 19-126, August 1, 2011, 58 DCR 6766).
For temporary (90 day) amendment of section, see § 2(c) of Distributed Generation Congressional Review Emergency Amendment Act of 2011 (D.C. Act 19- 192, October 18, 2011, 58 DCR 9154).
Legislative History of Laws
For Law 15-340, see notes following § 34-1431.
For Law 17-250, see notes following § 34-804.
For Law 18-223, see notes following § 34-706.
For history of Law 19-36, see notes under § 34-1432.
Miscellaneous Notes
Short title: Section 1111 of D.C. Law 18-223 provided that subtitle L of title I of the act may be cited as the "Renewable Energy Development Amendment Act of 2010".
Section 3 of D.C. Law 19-36 provides:
"Sec. 3. Applicability.
"(a) This act shall apply as of the effective date of the Distributed Generation Emergency Amendment Act of 2011, passed on emergency basis on July 12, 2011 (Enrolled version of Bill 19-384) [August 11, 2011].
"(b) This act shall not apply to contracts entered into prior to the date determined pursuant to subsection (a) of this section."
