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SB 23

Green and Renewable Energy Efficiency for Nonprofits (GREEN) Loan Program and Fund - Establishment

2026 Regular Session Introduced by Cheryl Kagan

Maryland SB 23 creates a loan program funding renewable energy and efficiency upgrades for nonprofits, reducing operational costs while advancing sustainability goals.

Hearing 4/02 at 1:00 p.m. (Environment and Transportation)
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Bill Summary · SB 23

Legislative bill overview

SB 23 establishes the GREEN Loan Program and Fund in Maryland to provide financing for nonprofits implementing renewable energy and energy efficiency projects. The bill creates a dedicated funding mechanism and loan structure specifically tailored to support tax-exempt organizations' sustainability initiatives.

Why is this important

Nonprofits often lack access to capital for upfront energy infrastructure investments despite long-term operational cost savings. This program could enable community organizations, schools, hospitals, and charities to reduce operating expenses and environmental impact simultaneously, freeing resources for their core missions.

Potential points of contention

  • Funding source and state budget impact: The bill's financing mechanism and whether general revenues or dedicated sources fund the program—potentially competing with other state priorities
  • Loan terms and accessibility: Questions about interest rates, repayment periods, and eligibility criteria that could determine whether smaller versus larger nonprofits benefit
  • Market distortion concerns: Whether government-subsidized nonprofit lending undermines private sector green financing options or creates unfair advantages for certain nonprofit sectors

Compiled from official sources — confirm details with the bill’s official record.

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