LPDD Model Law: Green Bank State and Local Legislation
Providing the legislative structure to establish a green bank following the nonprofit model, taking its basic structure from the Nevada Clean Energy Fund legislation.
LPDD Recommendation: “State governments that have not done so should act to establish SFOs to lend directly or organize financing for decarbonization projects in their jurisdiction.”
LPDD Recommendation: “States and local governments should establish green banks or similar SFOs.”
LPDD Recommendation: “Existing state agencies and authorities, ranging from water and sewer authorities, to municipal utilities, to state treasurers, can often take on the task of sponsoring financing programs and serving some or all of the functions of an SFO.”