Governor's Budget And Legislative Budget Analysis 1999 Biennium : Agency Budgets 1999 Vol 2

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In accordance with the federal Department of Energy (DOE) requirement that states present a single plan for all oil overcharge monies, the Executive Budget recommends these funds be appropriated in coordinating legislation.
First, a reappropriation of $100,000 of oil overcharge funds is recommended for the State Building Energy Conservation Program operated by the DEQ. Oil overcharge funds authorized in House Bill 12 for this energ\ conservation cITort will ha\ e a higher priority than any othe
...r oil overcharge appropriations for the 1999 biennium. The DEQ manages the State Building Energy Conservation Program to reduce operating costs in state facilities by identifying and funding cost-effective energy efficiency improvements. Through this program, the state sells general obligation bonds, uses the bond proceeds to pa> for energy efficiency improvements, and then uses the resulting energy cost savings to pay debt service on the bonds. The projects are designed so that the cost savings exceed the bond debt service.

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