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Amend the bill by striking out the title and substituting the following:
‘An Act To Authorize a General Fund Bond Issue To Weatherize and Upgrade the Energy Efficiency of Maine Homes and Businesses’
Amend the bill in section 1 in the 3rd line (page 1, line 8 in L.D.) by striking out the following: "$55,000,000" and inserting the following: '$1,000,000'
Amend the bill by striking out all of section 5 and inserting the following:
‘Sec. 5. Disbursement of bond proceeds from General Fund bond issue. The proceeds of the sale of the bonds authorized under this Act must be expended as designated in the following schedule under the direction and supervision of the agencies and entities set forth in this section.

Efficiency Maine Trust		

Provides funds to create a revolving weatherization fund to be made available as below-market loans through local financial institutions, agencies, community development corporations and counties or municipalities for homeowners, owners of rental properties and small business owners for required energy audits and weatherization or other major energy efficiency improvements.

Total	$1,000,000	
 
’
Amend the bill in section 9 by striking out all of the question (page 3, lines 27 to 30 in L.D.) and inserting the following:
 
‘
 
"Do you favor a $1,000,000 bond issue to provide below-market loans to homeowners, rental property owners and small business owners for energy audits and weatherization or other major energy efficiency projects?"
 
’
 
SUMMARY
This is the minority report of the committee. This amendment removes all the bonding proposed in the bill except the bonding that provides $1,000,000, reduced from the $10,000,000 proposed in the bill, for below-market loans to homeowners and rental property and small business owners for energy audits and weatherization or other major energy efficiency projects.