Montana Code 90-4-615. Energy conservation repayment account
90-4-615. Energy conservation repayment account. (1) There is an energy conservation repayment account in the state special revenue fund established in 17-2-102.
Terms Used In Montana Code 90-4-615
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Department: means the department of environmental quality provided for in 2-15-3501. See Montana Code 90-4-602
- Energy conservation program: means a program for the financing, acquisition, construction, and installation of alternative energy systems, as defined in 15-32-102, or equipment, systems, and improvements in state-owned buildings, structures, and facilities that save energy or water. See Montana Code 90-4-602
- Oversight: Committee review of the activities of a Federal agency or program.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)There must be deposited in the energy conservation repayment account:
(a)the amount of energy costs saved as a result of energy conservation projects in state buildings, facilities, or structures using appropriations from the energy conservation capital projects account or the general fund for the energy conservation program;
(b)interest earned on the account;
(c)interest earned on the energy conservation capital projects account created in 90-4-617; and
(d)funds transferred to the account by the legislature.
(3)Money in the energy conservation repayment account is available to the department of environmental quality by appropriation to fund the costs of the energy conservation program for:
(a)conducting energy analysis;
(b)data collection and analysis;
(c)program administration and oversight; and
(d)monitoring the results of state building energy conservation projects.
(4)If the unencumbered funds in the account at the end of a biennium exceed $2 million, the department shall transfer to the energy conservation capital projects account the amount of funds in excess of $2 million.