HB0001H3085

This amendment replaces the section titled 'Energy Matching Fund Loan' with a new section titled 'Energy Equity Investment' that appropriates $16 million from the legislative stabilization reserve account for equity investments in rare earth resource processing corporations rather than loans.

• Changed section heading from 'ENERGY MATCHING FUND LOAN' to 'ENERGY EQUITY INVESTMENT' (Page 121, line 9)
• Replaced loan authorization language with a direct appropriation of $16,000,000 from the legislative stabilization reserve account to the state treasurer for equity investment purposes. Removed previous subsections (a) through (c) describing loan terms, conditions, and approvals, and replaced with new subsections establishing that funds are for equity investment in rare earth resource processing corporations, that the state treasurer is authorized to invest in such equity until June 30, 2028, that investment earnings are deposited back into the legislative stabilization reserve account, and that no equity investment may be made without written attorney general approval of legality. (Page 121, lines 13-26 and Page 122, lines 1-23)

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