About the Fund  |
| The Connecticut Fuel Oil Conservation Fund was created by Public Act
07-242, the first-of-its-kind in the nation fuel oil conservation fund
operated as a Connecticut corporation, and as a 501 [c] [3] non-profit
corporation under the IRS code. The Fund was formed to
administer: (A) Conservation programs, including programs that benefit
low-income persons; (B) research, development and commercialization of
products or processes that are more energy-efficient than those generally
available; (C) development of markets for such products and processes; (D)
support for energy use assessment, engineering studies and services related
to new construction or major building renovations; (E) the design,
manufacture, commercialization and purchase of energy-efficient appliances
and heating devices; (F) program planning and evaluation; (G) joint fuel
conservation initiatives and programs targeted at saving more than one fuel
resource; and (H) public education regarding conservation. Such support may
be by direct funding, manufacturers' rebates, sale price and loan subsidies,
leases and promotional and educational activities.
While the FOCB was created in 2007, the FOCB received no funding with which to carry out any activities until July 1, 2008. The FOCB's first plan for fuel oil conservation was created and posted for public comment within 90 days of having received funding. |