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THE SENATE |
S.B. NO. |
2013 |
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TWENTY-EIGHTH LEGISLATURE, 2016 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO ENERGY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 304A-119, Hawaii Revised Statutes, establishes a long-term goal for the University of Hawaii to reduce energy consumption and energy bills to net-zero. Green funds are an innovative and proven mechanism for universities and other large institutions to reduce operating cost and environmental impact while promoting education and engaging stakeholders. A green fund is an internal fund that provides a direct source of capital to all ten University of Hawaii campuses to implement energy efficiency, renewable energy, and other sustainability projects that generate cost savings. These savings are tracked and used to replenish the fund for the next round of green investments, thus establishing a sustainable funding cycle while reducing operating costs and environmental impact.
The legislature finds that the University of Hawaii needs a mechanism to track and reinvest savings realized from energy efficiency and renewable energy projects into additional cost-saving measures that reduce energy consumption to support this long term goal.
The purpose of this Act is to create the University of Hawaii green special fund.
SECTION 2. Chapter 304A, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§304A- University of Hawaii green special fund. (a) There is established the University of Hawaii green special fund into which may be deposited:
(1) Savings realized by the University of Hawaii from energy conservation measures;
(2) Appropriations made by the legislature;
(3) Investment earnings, gifts, donations, or other income received by the University of Hawaii; and
(4) Any rebates, grants, or incentives associated with energy conservation measures.
(b) Moneys in the University of Hawaii green special fund shall be used to support energy efficiency, renewable energy, and sustainability projects and services, including personnel, equipment costs, project costs, and other expenses, as well as planning, design, and implementation of sustainability projects for the benefit of the University of Hawaii.
(c) The University of Hawaii may also transfer moneys from other funds into the University of Hawaii green special fund to offset the costs and expenses associated with sustainability initiatives at the University of Hawaii."
SECTION 3. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
Report Title:
Energy Conservation; University of Hawaii; Special Fund
Description:
Creates the University of Hawaii green special fund to support energy efficiency, renewable energy, and sustainability projects and services, including personnel, equipment costs, project costs, and other expenses, as well as planning, design, and implementation of sustainability projects for the benefit of the university. (SD1)
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