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Introduced Version House Bill 3114 History

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Key: Green = existing Code. Red = new code to be enacted
H. B. 3114


(By Delegate Guthrie)

[Introduced January 13, 2010; referred to the

Committee on Banking and Insurance then the Judiciary.]





A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §31A-4-46, relating to requiring state-chartered banks to provide ten year, low interest loans to consumers for purchasing solar energy panels; and to provide rule-making authority to the Commissioner of Banking.

Be it enacted by the Legislature of West Virginia:

That §31A-4-46 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:

ARTICLE 4. BANKING INSTITUTIONS AND SERVICES GENERALLY.
§31A-4-46. Mandatory loans for consumers purchasing solar energy panels; rule-making.

State-chartered banks shall provide ten year, low interest loans to consumers for the purchase of solar photovoltaic panels for consumers who plan to transition to solar energy.
The Banking Commissioner or his or her designee shall promulgate rules in accordance with the provisions of chapter twenty-nine-a of this code in order to carry out and implement the provisions of this article.



NOTE: The purpose of this bill is to require state-chartered banks to provide ten year, low interest loans to consumers for purchasing solar energy panels; to provide rule-making authority to the Commissioner of Banking.

Strike-throughs indicate language that would be stricken from the present law, and underscoring indicates new language that would be added.
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