Assembly establishes sustainability fund

Posted: Wednesday, July 16, 2008

JUNEAU - The Juneau Assembly on Monday established a revolving loan program aimed at "energy conservation" projects to be approved of by city officials.

The so-called "sustainability fund" will be funded by donations and seeks to provide money for projects geared toward reducing energy consumption and to educate the public on the benefits of conservation.

Money raised will sit in a special revenue fund separate from the city's general operations fund.

According to the Assembly resolution, city approved and funded conservation projects will repay the principal funds from the net savings of the conservation programs.

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