(a) Fund established. There is an Energy Loan Revolving Fund into which forty percent (40%) of the net revenues from the Millersville Landfill Gas to Energy Project shall be deposited. For the purposes of this section, "net revenues" means the revenue attributable to the sale of electricity generated by the project and the sale of other attributes of the project, less the amounts payable to the Northeast Maryland Waste Disposal Authority, debt service on bonds issued to finance the construction of the project, the cost of electricity at the Millersville Landfill and Resource Recovery Facility, the Millersville Convenience Center, the Glen Burnie Convenience Center, and the Sudley Convenience Center.
(b) Special fund. The Energy Loan Revolving Fund is a special, nonlapsing fund.
(c) Purposes. The net revenues paid into the Energy Loan Revolving Fund shall be appropriated for countywide energy efficiency and conservation projects.
(d) Administration of the fund.
The projects financed by the Energy Loan Revolving Fund shall be administered by the Office of Central Services.
(Bill No. 57-10; Bill No. 98-18)