HB 14-1222

Governor Hickenlooper signed a bill on May 30th in Pagosa Springs that is designed to boost geothermal energy use in Colorado. House Bill 14-1222, sponsored by Rep. Mike McLachlan (D-Durango), provides an incentive for investments in Colorado’s growing geothermal industry by reducing the threshold at which a county may issue bonds for the construction or expansion of a geothermal project from $1 million to $500,000. The bill also extends the repayment period for the bonds from 10 to 15 years.