HB 12

AN ACT TO ESTABLISH THE COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY AND RESILIENCE (C-PACER) ACT, TO ALLOW CERTAIN FINANCING FOR AGRICULTURAL, COMMERCIAL, INDUSTRIAL AND MULTIFAMILY PROPERTY OWNERS TO SEEK LONG-TERM FINANCING FROM PRIVATE LENDERS FOR CLEAN ENERGY RESILIENCY IMPROVEMENTS; TO DEFINE CERTAIN TERMS; TO AUTHORIZE LOCAL GOVERNMENTS TO IMPOSE A VOLUNTARY SPECIAL ASSESSMENT TO REPAY THE FINANCING ON CERTAIN PROJECTS; TO AUTHORIZE SUCH LOCAL GOVERNMENTS TO ESTABLISH A C-PACER PROGRAM AS WELL AS THE BOUNDARIES FOR C-PACER ACTIVITIES ARE ELIGIBLE FOR FUNDING; TO PROVIDE THE TERMS OF A C-PACER PROGRAM; TO PROVIDE THAT LOCAL GOVERNMENTS MAY ADMINISTER A PROGRAM OR DELEGATE THE ADMINISTRATION OF SUCH PROGRAM TO A THIRD PARTY; TO PROVIDE THAT SUCH PROGRAM MUST INCLUDE AN APPLICATION AND REVIEW PROCESS TO EVALUATE PROJECT APPLICATIONS FOR C-PACER FINANCING; TO PROVIDE CERTAIN DUTIES FOR A LOCAL GOVERNMENT THAT ESTABLISHES A C-PACER PROGRAM; TO PROVIDE THAT A LOCAL GOVERNMENT MAY AUTHORIZE FINANCING THROUGH SPECIAL ASSESSMENTS; TO PROVIDE THAT A LOCAL GOVERNMENT MAY AGREE TO JOINTLY IMPLEMENT OR ADMINISTER A C-PACER PROGRAM; AND FOR RELATED PURPOSES.