HB 1748-FN establishes the New Hampshire Energy Efficiency and Resource Development Authority, which will oversee the development and implementation of energy efficiency programs in the state, with a focus on reducing energy costs and supporting the nuclear power generation industry. The bill introduces a new chapter, Chapter 362-J, into the New Hampshire Revised Statutes Annotated (RSA), detailing the authority's governance structure, which includes a ten-member board of directors appointed by the governor. The authority is granted the power to manage energy efficiency funding sourced from system benefits charges and other revenues, while also being exempt from certain public meeting laws to enhance operational efficiency. The bill emphasizes the importance of workforce development and mandates the authority to create a triennial plan that includes performance metrics and stakeholder consultations.

Additionally, the bill outlines provisions for the authority to issue state-guaranteed loans and bonds to support nuclear-related development, with specific guidelines for loan management and a loan guarantee reserve fund. It allows the authority to lend up to $2 million to businesses in the nuclear sector and mandates annual financial audits and performance evaluations of energy efficiency programs. The bill also includes new provisions for the issuance and management of bonds, ensuring the rights of bondholders are protected and establishing a pledge from the state to bondholders. Overall, HB 1748-FN aims to enhance energy efficiency, promote economic development, and ensure transparency and accountability in the authority's operations, with an effective date set for January 1, 2027.