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Gov. John Hickenlooper traveled to Pagosa Springs last Friday, May 30, to sign a bill designed to boost geothermal energy use in Colorado.
House Bill 14-1222, sponsored by Rep. Mike McLachlan (D-Durango), gives 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.
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