July 14: Assembly approves Sustainability Fund

From KINY NEWS ONLINE:

"The CBJ Assembly has approved the creation of a fund within the CBJ general fund to receive donations earmarked for energy savings projects. Private donations would initially stock the Sustainability Fund.

"At Monday night's Assembly meeting Mayor Bruce Botelho said that amount could be between $500,000 and $1 million dollars depending on the number of participants. The fund would be used as a source of capitol for energy conservation devices and projects that the city manager forwards to the Assembly for consideration. The money that's saved would be deposited back into the fund to replenish it along with the private funding sources. Private donations would initially stock the Sustainability Fund.

"At last night's meeting Finance Committee Chair David Stone said several private companies have expressed interest in contributing to the fund but he was not at liberty to identify them. However, last night, Kirby Day of Princess Cruises spoke in support of the fund."