C.R.S. Section 24-38.5-102.5
Innovative energy fund

  • creation
  • use of fund
  • definitions
  • repeal

(1)

Intentionally left blank —Ed.

(a)

The innovative energy fund is hereby created in the state treasury. The principal of the fund consists of money transferred to the fund by the general assembly, money transferred at the end of each state fiscal year from money received by the Colorado energy office, or from revenue contracts, court settlement funds, supplemental program funds, repayment or return of funds from eligible public depositories, and gifts, grants, and donations, and any other money received by the Colorado energy office. Interest and income earned on the deposit and investment of money in the innovative energy fund is credited to the fund. Money in the fund at the end of any state fiscal year remains in the fund and may not be credited to the state general fund or any other fund. Money in the fund may not be transferred to the energy fund created in section 24-38.5-102.4.

(b)

For purposes of this section:

(I)

“Colorado energy office” means the Colorado energy office created in section 24-38.5-101.

(II)

“Innovative energy” means an existing, new, or emerging technology that:

(A)

Enables the use of a local fuel source;

(B)

Establishes a more efficient or environmentally beneficial use of energy; and

(C)

Helps to create energy independence or energy security for the state.

(2)

Intentionally left blank —Ed.

(a)

All moneys in the innovative energy fund are continuously appropriated to the Colorado energy office for the purposes of advancing innovative energy efficiency throughout the state; except that the moneys are limited to efficiency projects and any other projects related to the severance of minerals subject to taxation under article 29 of title 39, C.R.S.

(b)

The Colorado energy office may expend moneys from the innovative energy fund:

(I)

To overcome market barriers facing emerging and cost-effective energy technologies;

(II)

To promote robust research, development, commercialization, and financing of innovative energy technologies;

(III)

To educate the general public on energy issues and opportunities;

(IV)

To attract innovative energy industry investment in the state;

(V)

To assist in technology transfer into the marketplace for newly developed innovative energy efficiency technologies;

(VI)

To provide market incentives for the purchase and distribution of efficient innovative energy products;

(VII)

To assist in the implementation of innovative energy efficiency projects throughout the state;

(VIII)

To aid governmental agencies in innovative energy efficiency government initiatives;

(IX)

To facilitate widespread implementation of innovative energy technologies; and

(X)

In any other manner that serves the purposes of advancing innovative energy efficiency throughout the state.

(c)

Intentionally left blank —Ed.

(I)

Subject to the provisions of subparagraph (II) of this paragraph (c), the moneys in the innovative energy fund may also be used by the Colorado energy office to make grants or loans to persons, as defined in section 2-4-401 (8), C.R.S., for use in carrying out the purposes of this section. The Colorado energy office shall consider the following information in determining whether to make a grant or loan:

(A)

The amount of the grant or loan;

(B)

The quantified impact on energy demand or amount of innovative energy production generated as a result of the grant or loan;

(C)

The potential economic impact of the grant or loan; and

(D)

The public benefits expected to result from the grant or loan.

(II)

The Colorado energy office may establish terms and conditions for making grants or loans pursuant to this section and in accordance with the objectives of the office as set forth in section 24-38.5-102.

Source: Section 24-38.5-102.5 — Innovative energy fund - creation - use of fund - definitions - repeal, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑38.5‑101
Colorado energy office - creation 24‑38.5‑102
Colorado energy office - duties and powers - definitions 24‑38.5‑102.4
Energy fund - creation - use of fund - definitions - report - repeal 24‑38.5‑102.5
Innovative energy fund - creation - use of fund - definitions - repeal 24‑38.5‑102.6
Climate change mitigation and adaptation fund - creation - use 24‑38.5‑102.7
Colorado energy saving mortgage program - definitions 24‑38.5‑103
Electric vehicle grant fund - creation - administration - legislative declaration 24‑38.5‑105
Clean energy improvement debt reserve fund - authorization - use 24‑38.5‑106
Financing of capital projects to make state government more energy efficient - financed purchase of asset agreements - legislative declaration - definition 24‑38.5‑107
Colorado energy office - subject to audit 24‑38.5‑108
State agency coordination of review of federal license and license exemption applications for hydroelectric energy projects - legislative declaration - definitions - guidelines 24‑38.5‑109
Aggregation of efficiency or renewable energy projects in small or rural schools and small or rural communities in order to attract private sector investment through performance contracting - legislative declaration - definitions 24‑38.5‑110
Electric vehicle plan and greenhouse gas pollution reduction roadmap - annual progress reports 24‑38.5‑111
Social cost of greenhouse gas pollution - estimate methodology 24‑38.5‑112
Building performance program - duties of the office - county assessor records database - fees - definitions 24‑38.5‑113
Grid resilience and reliability roadmap - microgrid development - stakeholder input - definitions - reporting 24‑38.5‑114
Ozone season transit grant program - fund - creation - policies - report - definitions - repeal 24‑38.5‑115
Sustainable rebuilding program - fund - creation - policies - report - definitions 24‑38.5‑116
Industrial and manufacturing operations clean air grant program - creation - eligibility - fund created - gifts, grants, or donations - transfer - legislative declaration - definitions - reporting - repeal 24‑38.5‑117
Cannabis resource optimization cash fund - creation - gifts, grants, or donations 24‑38.5‑118
Geothermal energy grant program - creation - procedures - fund - report - definitions - legislative declaration - repeal 24‑38.5‑119
Streamlined solar permitting and inspection grant program - creation - eligibility - fund created - gifts, grants, or donations - reporting - legislative declaration - definitions - repeal 24‑38.5‑120
Decarbonization tax credits administration cash fund - definitions - repeal 24‑38.5‑121
Assessment of advanced energy solutions in rural Colorado - northwestern and west end of Montrose county Colorado study - southeastern Colorado study - report - legislative declaration - definitions - repeal 24‑38.5‑122
Carbon management roadmap - creation - requirements - report - definitions - repeal 24‑38.5‑301
Legislative declaration 24‑38.5‑302
Definitions 24‑38.5‑303
Community access enterprise - creation - board - powers and duties - fund - fee - transparency and reporting 24‑38.5‑401
Energy code board - appointment - creation - duties - definitions - repeal 24‑38.5‑402
Model green energy code 24‑38.5‑403
Energy code training - energy code adoption - grant writing assistance 24‑38.5‑404
Building electrification for public buildings grant program - creation - report - legislative declaration 24‑38.5‑405
High-efficiency electric heating and appliances grant program - creation - report - legislative declaration - repeal 24‑38.5‑406
Clean air building investments fund - creation - use of fund 24‑38.5‑501
Legislative declaration 24‑38.5‑502
Definitions 24‑38.5‑503
Community access to electric bicycles grant program - creation - eligibility 24‑38.5‑504
Community access to electric bicycles rebate program - eligibility - reimbursement 24‑38.5‑505
Reporting 24‑38.5‑506
Community access to electric bicycles cash fund - creation - gifts, grants, or donations - transfer 24‑38.5‑507
Repeal of part
Green check means up to date. Up to date

Current through Fall 2024

§ 24-38.5-102.5’s source at colorado​.gov