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New Colo. Laws Finance Clean Energy, Tech Projects

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Sep 1, 2009 3:54 pm US/Mountain

New Colo. Laws Finance Clean Energy, Tech Projects

DENVER (AP) ―

Click to enlarge 1 of 2: CBS
Click to enlarge 2 of 2: CBS4's Project Green looks at how Coloradans are living in environmentally friendly ways. Visit the Project Green section.

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Several new laws are now in effect in Colorado.

They are among a dozen new laws that took effect Tuesday.

One new law provides treasury bonds to participating banks and lenders for renewable energy and efficiency projects. The new law will finance energy-efficient structures by marketing loans for clean energy improvements to homes and businesses.

Another will create new businesses and high-paying jobs in Colorado by offering a tax credit for so-called angel investors who provide much-needed funding for early-stage technology companies.