RHODE ISLAND GOVERNMENT REGISTERPUBLIC NOTICE OF PROPOSED RULEMAKING

Title of Rule: CLEAN ENERGY FUND POLICIES AND PROCEDURES
Rule Identifier: 830-RICR-10-05-3
Rulemaking Action: Proposed Adoption
Important Dates:
Date of Public Notice: November 29, 2023
Hearing Date: December 18, 2023
End of Public Comment: December 29, 2023

Rulemaking Authority:
R.I. Gen. Laws § 46-12.2-4
R.I. Gen. Laws § 46-12.2-4.3
Summary of Rulemaking Action:
The Proposed Rule will govern the provision of financial assistance from the Clean Energy Fund by
Rhode Island Infrastructure Bank to applicants for clean energy related infrastructure projects.

Additional Information and Public Comments:
All interested parties are invited to request additional information or submit written or
oral comments concerning the proposed adoption until December 29, 2023 by
contacting the appropriate party at the address listed below:

Gregory Miller
Infrastructure Bank
275 Promenade Street
Suite 301
Providence, RI 02908
gmiller@riib.org

Public Hearing:
A public hearing, in accordance with R.I. Gen. Laws § 42-35-2.5, to consider the
proposed adoption shall be held at which time and place all persons interested
therein will be heard. This hearing is subject to R.I. Gen. Laws Chapter 42-46, Open
Meetings.

Public Hearing Information:
Date: December 18, 2023
Time: 3:00 P.M.
Location: Rhode Island Infrastructure Bank
275 Promenade Street
Suite 301
Providence, RI, 02908
The seating capacity of the room will be enforced and, therefore, the number of
persons participating in the hearing may be limited at any given time by the hearing
officer in order to comply with safety and fire codes.

The place of the public hearing is accessible to individuals with disabilities. If
communication assistance (readers/interpreters/captioners) is needed, or any other
accommodation to ensure equal participation, please call 401-453-4430 X-126 or RI

Relay 711 at least three (3) business days prior to the meeting so arrangements can
be made to provide such assistance at no cost to the person requesting. For
questions regarding available parking, please contact the agency staff person listed
above.

Regulatory Analysis Summary and Supporting Documentation:
The Clean Energy Fund (“CEF”) is a competitive revolving financial assistance program
providing capital funds for municipalities, other public entities, corporations, or individuals, to
finance improvements for clean energy-related infrastructure projects. The overall goal is to
support projects that can reduce or eliminate greenhouse gas emissions through the
implementation of zero-emissions technology, clean transportation, clean heating, energy
storage, energy efficiency, renewable energy, and more.
The State and Applicants will experience an array of benefits. Key benefits experienced as
outcomes of the CEF include:
1.Project sites will increase in value, due to infrastructure investment;
2.Projects will serve as models for other future projects; and
3.Funds from loans or grants allow local funding for capital improvements to be
diverted elsewhere.
For full regulatory analysis or supporting documentation contact the agency
staff person listed above.