Out of committee (H Filed Office Chief Clerk)
C-PACE improvements, financing
COMMERCIAL PROPERTY – Adds to existing law to establish provisions regarding a financing program for commercial property owners wishing to make qualifying energy-saving or water-saving improvements.

RS30552 / H0378

Commerical property-assessed clean energy (CPACE) is a financing structure in which commercial building owners borrow money for certain energy and water related projects and make repayments via an assessment on their property tax bill. The financing arrangement then remains with the property even if it is sold, facilitating long-term investments in building performance. CPACE is funded by private investors and administered by local government. Local governments, lenders, and commercial building owners must enter this program voluntarily.

Bill Events
Date Description
03/29 Introduced, read first time, referred to JRA for Printing
Reported Printed; Filed in the Office of the Chief Clerk
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