Legislation to increase the Maryland Energy Innovation Institute budget and remove the sunset date of the Institute.
SB460 was passed by Maryland Legislature in March 2021.
SUBJECT TO SUBSECTION (F–4) OF THIS SECTION,
TO PROVIDE AT LEAST $2,100,000 IN FUNDING EACH FISCAL YEAR TO THE MARYLAND ENERGY INNOVATION FUND ESTABLISHED UNDER § 10–835 OF THE ECONOMIC 6 DEVELOPMENT ARTICLE; AND to pay the expenses of the Program.
(F–4) OF THE FUNDS TRANSFERRED TO THE MARYLAND ENERGY INNOVATION FUND UNDER SUBSECTION (F)(11) OF THIS SECTION: (1) AT LEAST $1,200,000 MAY BE USED TO FUND THE MARYLAND CLEAN ENERGY CENTER ESTABLISHED UNDER § 10–806 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND (2) AT LEAST $900,000 MAY BE USED TO FUND THE MARYLAND ENERGY INNOVATION INSTITUTE ESTABLISHED UNDER § 10–829 OF THE ECONOMIC DEVELOPMENT ARTICLE.
Full Text of SB460