Basics of Green Bank Legislation & Structure

Policymakers and stakeholders often ask CGC what it takes to create a Green Bank, and whether legislation is required to create a Green Bank. Though legislation is not necessary in all states, it is often used to create a new Green Bank financing entity. Legislation can define the mission of the Green Bank institution, name the source of capitalization, determine Green Bank authorities, and clarify many other critical elements of the Green Bank. Some states have existing entities that already have Green Bank-like authorizations, which can be turned into full-fledged Green Banks through a regulatory or administrative action. CGC has helped many states identify its own path to Green Bank creation. For those seeking more information on legislative options for creating a Green Bank, please read CGC’s detailed briefing on the common components of Green Bank legislation and the options a state can pursue to tailor a Green Bank to its own market conditions.

 

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