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2022 SESSION

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HB 1325 Local governments; additional powers, Commercial Property Assessed Clean Energy financing programs.

Introduced by: David A. Reid | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

General Powers of local governments; additional powers; Commercial Property Assessed Clean Energy (C-PACE) financing programs. Changes the existing authorization for local governments to finance, by ordinance, clean energy, resiliency, and stormwater management programs to authorize the financing of eligible improvements to eligible properties, as defined in the bill, under C-PACE loan programs. The bill allows localities to delegate billing, collection, and remittance of C-PACE loan payments to a third party.

SUMMARY AS INTRODUCED:

General Powers of local governments; additional powers; Commercial Property Assessed Clean Energy (C-PACE) financing programs. Changes the existing authorization for local governments to finance, by ordinance, clean energy, resiliency, and stormwater management programs to authorize the financing of eligible improvements to eligible properties, as defined in the bill, under C-PACE loan programs. The bill allows localities to delegate billing, collection, and remittance of C-PACE loan payments to a third party. The bill exempts localities that have enacted C-PACE ordinances before July 1, 2022, from enforcement.