Skip to content

Commercial property assessed clean energy program.

This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.

IN SB 411 · Senate Bill · 2023

Stage
Session ended
Started in
Senate
Sponsors
Latest action
Jan 19, 2023

What it does

Authorizes counties, cities, and towns (local units) to adopt a commercial property assessed clean energy program (PACE program) as a financing mechanism to allow commercial property owners to obtain financing for energy efficient improvements, with the repayment of the financing obligation for those improvements made from a voluntary tax assessment (special assessment) on the property. Defines an "energy efficient improvement". Requires a property owner to petition a local unit that has adopted a PACE program to impose a special assessment on the property, the proceeds of which would be transferred to the financing provider for the purchase and installation of the energy efficient…

Read the full text

Where it stands

This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.

  1. Introduced (Current step)

    Introduced · Jan 19, 2023

  2. Committee (Needs attention)

    The session ended first

  3. Floor (Not started)

  4. Law (Not started)

What moved

Loading recorded actions…

Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

Reporting that may mention this subject. Possible matches are labeled.

Loading coverage…

Work with this bill

Commercial property assessed clean energy program. | 52