An Act creating a climate bank in Massachusetts
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to establish a climate bank in Massachusetts. The purpose of this bank is to provide innovative financing solutions for projects focused on climate and clean energy initiatives. These projects will be undertaken by public, private, and non-profit organizations within the state. The bank aims to accelerate the development and implementation of these crucial projects.
Key provisions
- Creation of a climate bank within Massachusetts.
- The bank will provide financing for climate and clean energy projects.
- Eligible projects include those undertaken by public, private, and non-profit sectors.
- The bank is intended to facilitate innovative financing solutions.
- The bill refers to the committee on Financial Services for consideration.
Who is affected
- Public sector organizations
- Private sector businesses
- Non-profit organizations
- Massachusetts residents and businesses
- The clean energy industry
Notable changes
- Establishes a dedicated financial mechanism for climate and clean energy investments.
- Expands access to capital for innovative projects in these sectors.
Bill text
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Sponsors
Official sponsors from legislative records.
24 on record
Primary sponsor
Cosponsors
Carmine Lawrence Gentile
Homar Gómez
Arguments
Reasons offered for and against this legislation.
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