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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>76156</law_id><section_number>45.2-1916</section_number><catch_line> Low-to-Moderate Income Solar Loan and Rebate Fund</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>45.2-1912</reference><reference>45.2-1915</reference><reference>45.2-1917</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="45.2">Mines, Minerals, and Energy</unit><unit label="subtitle" level="2" order_by="1" identifier="V">Other Sources of Energy; Energy Policy</unit><unit label="chapter" level="3" order_by="1" identifier="19">Solar Energy</unit><unit label="article" level="4" order_by="1" identifier="3">Clean Energy Advisory Board</unit></structure><text>
						<section><p>There is hereby established in the state treasury a special nonreverting <span class="dictionary">fund</span> to be known as the Low-to-Moderate Income Solar Loan and Rebate <span class="dictionary">Fund</span>. The <span class="dictionary">Fund</span> shall be established on the books of the Comptroller. All <span class="dictionary">funds</span> appropriated for such purpose and any gifts, donations, grants, bequests, and other <span class="dictionary">funds</span> received on its behalf shall be paid into the state treasury and credited to the <span class="dictionary">Fund</span>. Interest earned on moneys in the <span class="dictionary">Fund</span> shall remain in the <span class="dictionary">Fund</span> and be credited to it. Any moneys remaining in the <span class="dictionary">Fund</span>, including interest thereon, at the end of each fiscal year shall not revert to the general <span class="dictionary">fund</span> but shall remain in the <span class="dictionary">Fund</span>. Moneys in the <span class="dictionary">Fund</span> shall be used solely for the purposes of extending loans or paying rebates to electric customers who complete solar installations or energy efficiency improvements pursuant to the provisions of &#xA7;&#xA0;<a class="law" title=" Low-to-Moderate Income Solar Loan and Rebate Pilot Program" href="/45.2-1917/">45.2-1917</a>. Expenditures and disbursements from the <span class="dictionary">Fund</span> shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the <span class="dictionary">Director</span>.</p></section></text><history>2019, c. 554, &#xA7; 45.1-398; 2021, Sp. Sess. I, c. 387.</history><metadata></metadata></law>
