This bill amends RSA 31:95-h to authorize municipalities to establish revolving funds specifically for the purpose of facilitating energy services under approved electric aggregation plans. The new legal language inserted into the statute includes a subparagraph (h) that allows municipalities to use these funds to support energy services as outlined in RSA 53-E:6. This addition enables municipalities to enhance their electric aggregation programs by utilizing revenues generated from fees, charges, or other income related to the services provided.

The fiscal impact of this bill is expected to result in an indeterminable increase in local expenditures, estimated to range from $10,000 to $100,000 for municipalities that choose to implement this provision. While participation in electric aggregation programs remains voluntary for residents and businesses, the bill allows municipalities to supplement these programs with general revenues, including property taxes, which could affect individuals or businesses that do not participate in the aggregation plan. The bill is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 31:95-h
SB590 text: 31:95-h