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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to Resiliency Energy Environment 2
Florida programs; amending s. 163.08, F.S.; defining 3
terms; providing that a property owner may apply to a 4
Resiliency Energy Environment Florida (REEF) program 5
for funding to finance a qualifying improvement and 6
may enter into an assessment financing agreement with 7
a local government; providing that REEF program costs 8
may be collected as non -ad valorem assessments; 9
authorizing a local government to enter into an 10
agreement with a program administrator to admin ister a 11
REEF program on the local government's behalf; 12
revising and specifying public recording requirements 13
for assessment financing agreements and notices of 14
lien; revising requirements that apply to local 15
governments or program administrators in determi ning 16
eligibility for assessment financing; revising 17
requirements for qualifying improvements; revising the 18
calculation of non-ad valorem assessment limits; 19
providing construction; specifying underwriting, 20
financing estimate, disclosure, and confirmation 21
requirements for program administrators relating to 22
residential real property; authorizing a residential 23
real property owner, under certain circumstances and 24
within a certain timeframe, to cancel an assessment 25
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
financing agreement without financial penalty; 26
specifying limitations on assessment financing 27
agreement terms for residential real property; 28
prohibiting certain financing terms for residential 29
real property; specifying requirements for, and 30
certain prohibited acts by, program administrators 31
relating to assessment financing agreements and 32
contractors for qualifying improvements to residential 33
real property; specifying additional annual reporting 34
requirements for program administrators; providing 35
construction and applicability; conforming provisions 36
to changes made by the act; providing an effective 37
date. 38
39
Be It Enacted by the Legislature of the State of Florida: 40
41
Section 1. Subsection (16) of section 163.08, Florida 42
Statutes, is renumbered as subsection (32), subsections (1), 43
(2), (4), (6) throug h (10), and (12) through (14) are amended, 44
and a new subsection (16) and subsections (17) through (31) are 45
added to that section, to read: 46
163.08 Supplemental authority for improvements to real 47
property.— 48
(1)(a) In chapter 2008 -227, Laws of Florida, th e 49
Legislature amended the energy goal of the state comprehensive 50
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
plan to provide, in part, that the state shall reduce its energy 51
requirements through enhanced conservation and efficiency 52
measures in all end-use sectors and reduce atmospheric carbon 53
dioxide by promoting an increased use of renewable energy 54
resources. That act also declared it the public policy of the 55
state to play a leading role in developing and instituting 56
energy management programs that promote energy conservation, 57
energy security, and t he reduction of greenhouse gases. In 58
addition to establishing policies to promote the use of 59
renewable energy, the Legislature provided for a schedule of 60
increases in energy performance of buildings subject to the 61
Florida Energy Efficiency Code for Buildin g Construction. In 62
chapter 2008-191, Laws of Florida, the Legislature adopted new 63
energy conservation and greenhouse gas reduction comprehensive 64
planning requirements for local governments. In the 2008 general 65
election, the voters of this state approved a constitutional 66
amendment authorizing the Legislature, by general law, to 67
prohibit consideration of any change or improvement made for the 68
purpose of improving a property's resistance to wind damage or 69
the installation of a renewable energy source device in the 70
determination of the assessed value of residential real 71
property. 72
(b) The Legislature finds that all energy -consuming-73
improved properties that are not using energy conservation 74
strategies contribute to the burden affecting all improved 75
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
property resulting from fossil fuel energy production. Improved 76
property that has been retrofitted with energy -related 77
qualifying improvements receives the special benefit of 78
alleviating the property's burden from energy consumption. All 79
improved properties not protect ed from wind damage by wind 80
resistance qualifying improvements contribute to the burden 81
affecting all improved property resulting from potential wind 82
damage. Improved property that has been retrofitted with wind 83
resistance qualifying improvements receives the special benefit 84
of reducing the property's burden from potential wind damage. 85
Further, the installation and operation of qualifying 86
improvements not only benefit the affected properties for which 87
the improvements are made, but also assist in fulfilling the 88
goals of the state's energy and hurricane mitigation policies. 89
(c) In order to make qualifying improvements more 90
affordable and assist property owners who wish to undertake such 91
improvements, the Legislature finds that there is a compelling 92
state interest in enabling property owners to voluntarily 93
finance such improvements with local government assistance. 94
(d)(c) The Legislature determines that the actions 95
authorized under this section, including, but not limited to, 96
the financing of qualifying imp rovements through the execution 97
of assessment financing agreements and the related imposition of 98
voluntary assessments , are reasonable and necessary to serve and 99
achieve a compelling state interest and are necessary for the 100
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prosperity and welfare of the st ate and its property owners and 101
inhabitants. 102
(2) As used in this section, the term: 103
(a) "Assessment financing agreement" means the financing 104
agreement, under a REEF program, between a local government and 105
a property owner for the acquisition or install ation of 106
qualifying improvements. 107
(b)(a) "Local government" means a county, a municipality, 108
a dependent special district as defined in s. 189.012, or a 109
separate legal entity created pursuant to s. 163.01(7). 110
(c) "Non-ad valorem assessment" or "assessme nt" has the 111
same meaning as the term "non -ad valorem assessment" as defined 112
in s. 197.3632(1). 113
(d) "Nonresidential real property" means any property not 114
defined as residential real property and which will be or has 115
been improved by a qualifying improveme nt. The term includes 116
multifamily residential property composed of five or more 117
dwelling units. 118
(e) "Program administrator" means an entity, including, 119
but not limited to, a for -profit or not-for-profit entity, with 120
which a local government may contract to administer a REEF 121
program. 122
(f)(b) "Qualifying improvement" includes any: 123
1. Energy conservation and efficiency improvement, which 124
is a measure to reduce consumption through conservation or a 125
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more efficient use of electricity, natural gas, propane, or 126
other forms of energy on the property, including, but not 127
limited to, air sealing; installation of insulation; 128
installation of energy -efficient heating, cooling, or 129
ventilation systems; building modifications to increase the use 130
of daylight; replacement of windows; installation of energy 131
controls or energy recovery systems; installation of electric 132
vehicle charging equipment; and installation of efficient 133
lighting equipment. 134
2. Renewable energy improvement, which is the installation 135
of any system in which the electrical, mechanical, or thermal 136
energy is produced from a method that uses one or more of the 137
following fuels or energy sources: hydrogen, solar energy, 138
geothermal energy, bioenergy, and wind energy. 139
3. Wind resistance improvement, which inclu des, but is not 140
limited to: 141
a. Improving the strength of the roof deck attachment; 142
b. Creating a secondary water barrier to prevent water 143
intrusion; 144
c. Installing wind-resistant shingles; 145
d. Installing gable -end bracing; 146
e. Reinforcing roof -to-wall connections; 147
f. Installing storm shutters; or 148
g. Installing opening protections. 149
(g) "Residential real property" means a residential real 150
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property composed of four or fewer dwelling units which has been 151
or will be improved by a qualifying improvem ent. 152
(h) "Resiliency Energy Environment Florida (REEF) program" 153
means a program established by a local government, alone or in 154
partnership with other local governments or a program 155
administrator, to finance qualifying improvements on 156
nonresidential real property or residential real property. 157
(4) Subject to local government ordinance or resolution, a 158
property owner may apply to the REEF program local government 159
for funding to finance a qualifying improvement and enter into 160
an assessment a financing agreement with the local government. 161
Costs incurred by the REEF program local government for such 162
purpose may be collected as a non -ad valorem assessment. A non -163
ad valorem assessment shall be collected pursuant to s. 197.3632 164
and, notwithstanding s. 197.3632(8) (a), shall not be subject to 165
discount for early payment. However, the notice and adoption 166
requirements of s. 197.3632(4) do not apply if this section is 167
used and complied with, and the intent resolution, publication 168
of notice, and mailed notices to the pro perty appraiser, tax 169
collector, and Department of Revenue required by s. 170
197.3632(3)(a) may be provided on or before August 15 in 171
conjunction with any non -ad valorem assessment authorized by 172
this section, if the property appraiser, tax collector, and 173
local government agree. 174
(6) A local government may enter into an agreement with a 175
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
program administrator to administer a REEF program on behalf of 176
the local government A qualifying improvement program may be 177
administered by a for -profit entity or a not -for-profit 178
organization on behalf of and at the discretion of the local 179
government. 180
(7) A local government may incur debt for the purpose of 181
providing financing for qualifying such improvements, which debt 182
is payable from revenues received from the improved pro perty, or 183
from any other available revenue source authorized under this 184
section or by other law. 185
(8) A local government may enter into an assessment a 186
financing agreement to finance or refinance a qualifying 187
improvement only with the record owner of the affected property. 188
Any assessment financing agreement entered into pursuant to this 189
section or a summary memorandum of such agreement shall be 190
submitted for recording recorded in the public records of the 191
county within which the property is located by the sponsoring 192
unit of local government within 5 days after execution of the 193
agreement. The recorded agreement shall provide constructive 194
notice that the assessment to be levied on the property 195
constitutes a lien of equal dignity to county taxes and 196
assessments from the date of recordation. A notice of lien for 197
the full amount of the financing may be recorded in the public 198
records of the county where the property is located. Such lien 199
shall not be enforceable in a manner that results in the 200
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acceleration of the remaining nondelinquent unpaid balance under 201
the assessment financing agreement. 202
(9) Before entering into an assessment a financing 203
agreement, the local government , or the program administrator 204
acting on its behalf, shall reasonably determine that all of the 205
following conditions are met: 206
(a) All property taxes and any other assessments levied on 207
the same bill as property taxes are current paid and have not 208
been delinquent for more than 30 days for the preceding 3 years 209
or the property owner's period of ownership, whichever is less .; 210
(b) that There are no involuntary liens greater than 211
$1,000, including, but not limited to, construction liens on the 212
property.; 213
(c) that No notices of default or other evidence of 214
property-based debt delinquency have bee n recorded and not 215
released during the preceding 3 years or the property owner's 216
period of ownership, whichever is less .; 217
(d) The local government or program administrator has 218
asked the property owner whether any other assessments under 219
this section have been recorded or have been funded and not yet 220
recorded on the property. The failure of a property owner to 221
disclose information set forth in this paragraph does not 222
invalidate an assessment financing agreement or any obligation 223
thereunder, even if the tot al financed amount of the qualifying 224
improvements exceeds the amount that would otherwise be 225
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
authorized under paragraph (12)(a). 226
(e) and that The property owner is current on all mortgage 227
debt on the property. 228
(f) The residential property is not subjec t to an existing 229
home equity conversion mortgage or reverse mortgage product. 230
This paragraph does not apply to nonresidential real property. 231
(g) The property is not currently a residential property 232
gifted to a homeowner for free by a nonprofit entity as may be 233
disclosed by the property owner. The failure of a property owner 234
to disclose information set forth in this paragraph does not 235
invalidate an assessment financing agreement or any obligation 236
thereunder. This paragraph does not apply to nonresidential real 237
property. 238
(10) Before final funding may be provided, a qualifying 239
improvement must shall be affixed or planned to be affixed to a 240
nonresidential real property or residential real building or 241
facility that is part of the property and constitutes shall 242
constitute an improvement to that property the building or 243
facility or a fixture attached to the building or facility . An 244
assessment financing agreement may between a local government 245
and a qualifying property owner may not cover qualifying wind-246
resistance improvements on nonresidential real property under 247
new construction or residential real property in buildings or 248
facilities under new construction or construction for which a 249
certificate of occupancy or similar evidence of substantial 250
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completion of new construction or improvement has not been 251
issued. 252
(12)(a) Without the consent of the holders or loan 253
servicers of any mortgage encumbering or otherwise secured by 254
the property, the total amount of any non -ad valorem assessment 255
for a property under this se ction may not exceed 20 percent of 256
the fair market just value of the real property as determined by 257
the county property appraiser . The combined mortgage -related 258
debt and total amount of any non -ad valorem assessments funded 259
under this section for residenti al real property may not exceed 260
100 percent of the fair market value of the residential real 261
property. However, the failure of a property owner to disclose 262
information set forth in paragraph (9)(d) does not invalidate an 263
assessment financing agreement or a ny obligation thereunder, 264
even if the total financed amount of the qualifying improvements 265
exceeds the amount that would otherwise be authorized under this 266
paragraph. For purposes of this paragraph, fair market value may 267
be determined using reputable third parties. 268
(b) Notwithstanding paragraph (a), a non -ad valorem 269
assessment for a qualifying improvement defined in subparagraph 270
(2)(f)1. (2)(b)1. or subparagraph (2)(f)2. which (2)(b)2. that 271
is supported by an energy audit is not subject to the limits in 272
this subsection if the audit demonstrates that the annual energy 273
savings from the qualified improvement equals or exceeds the 274
annual repayment amount of the non -ad valorem assessment. 275
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(13) At least 30 days before entering into an assessment a 276
financing agreement, the property owner shall provide to the 277
holders or loan servicers of any existing mortgages encumbering 278
or otherwise secured by the property a notice of the owner's 279
intent to enter into an assessment a financing agreement 280
together with the maximum principal amount to be financed and 281
the maximum annual assessment necessary to repay that amount. A 282
verified copy or other proof of such notice shall be provided to 283
the local government. A provision in any agreement between a 284
mortgagee or other lienholder and a property owner, or otherwise 285
now or hereafter binding upon a property owner, which allows for 286
acceleration of payment of the mortgage, note, or lien or other 287
unilateral modification s olely as a result of entering into an 288
assessment a financing agreement as provided for in this section 289
is not enforceable. This subsection does not limit the authority 290
of the holder or loan servicer to increase the required monthly 291
escrow by an amount nece ssary to annually pay the annual 292
qualifying improvement assessment. 293
(14) At or before the time a seller purchaser executes a 294
contract for the sale and purchase of any property for which a 295
non-ad valorem assessment has been levied under this section and 296
has an unpaid balance due, the seller must shall give the 297
prospective purchaser a written disclosure statement in the 298
following form, which shall be set forth in the contract or in a 299
separate writing: 300
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301
QUALIFYING IMPROVEMENTS FOR ENERGY EFFICIENCY, 302
RENEWABLE ENERGY, OR WIND RESISTANCE. —The property 303
being purchased is located within the jurisdiction of 304
a local government that has placed an assessment on 305
the property pursuant to s. 163.08, Florida Statutes . 306
The assessment is for a qualifying improvement to the 307
property relating to energy efficiency, renewable 308
energy, or wind resistance, and is not based on the 309
value of property. You are encouraged to contact the 310
county property appraiser's office to learn m ore about 311
this and other assessments that may be provided by 312
law. 313
314
(16) Before final approval of an assessment financing 315
agreement for a qualifying improvement on a residential real 316
property, a program administrator shall reasonably determine 317
that the property owner has the ability to pay the estimated 318
annual assessment. To do so, the program administrator shall, at 319
a minimum, use the underwriting requirements in subsection (9), 320
confirm that the property owner is not in bankruptcy, and 321
determine that the total estimated annual payment amount for all 322
assessment financing agreements funded under this section on the 323
property does not exceed 10 percent of the property owner's 324
annual household income. Income may be confirmed using 325
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information gathered from repu table third parties that provide 326
reasonably reliable evidence of the property owner's household 327
income. Income may not be confirmed solely by a property owner's 328
statement. The failure of a property owner to disclose 329
information set forth in paragraph (9)(d ) does not invalidate an 330
assessment financing agreement or any obligation thereunder, 331
even if the total estimated annual payment amount exceeds the 332
amount that would otherwise be authorized under this subsection. 333
(17) Before or contemporaneously with a p roperty owner 334
signing an assessment financing agreement on a residential real 335
property, the program administrator shall provide a financing 336
estimate and disclosure to the residential real property owner 337
which includes all of the following: 338
(a) The total amount estimated to be funded, including the 339
cost of the qualifying improvements, program fees, and 340
capitalized interest, if any. 341
(b) The estimated annual assessment. 342
(c) The term of the assessment. 343
(d) The interest charged and estimated annual perce ntage 344
rate. 345
(e) A description of the qualifying improvement. 346
(f) A disclosure that if the property owner sells or 347
refinances the property, the property owner, as a condition of 348
the sale or the refinance, may be required by a mortgage lender 349
to pay off the full amount owed under each assessment financing 350
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agreement. 351
(g) A disclosure that the assessment will be collected 352
along with the property owner's property taxes and will result 353
in a lien on the property from the date the assessment financing 354
agreement is recorded. 355
(h) A disclosure that failure to pay the assessment may 356
result in penalties and fees, along with the issuance of a tax 357
certificate that could result in the property owner losing the 358
real property. 359
(18) Before a notice to proceed is issu ed on residential 360
real property, the program administrator shall conduct with the 361
residential real property owner or an authorized representative 362
an oral, recorded telephone call. The program administrator 363
shall ask the residential real property owner if h e or she would 364
like to communicate primarily in a language other than English. 365
A program administrator may not leave a voicemail on the 366
residential real property owner's or authorized representative's 367
telephone to satisfy this requirement. A program admini strator, 368
as part of such telephone call, shall confirm all of the 369
following with the residential real property owner: 370
(a) That at least one residential real property owner has 371
access to a copy of the assessment financing agreement and 372
financing estimates and disclosures. 373
(b) The qualifying improvements being financed. 374
(c) The total estimated annual costs that the residential 375
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real property owner will have to pay under the assessment 376
financing agreement, including applicable fees. 377
(d) The total estima ted average monthly equivalent amount 378
of funds the residential real property owner would have to save 379
in order to pay the annual costs of the assessment, including 380
applicable fees. 381
(e) The estimated date the residential real property 382
owner's first proper ty tax payment that includes the assessment 383
will be due. 384
(f) The term of the assessment financing agreement. 385
(g) That payments for the assessment financing agreement 386
will cause the residential real property owner's annual property 387
tax bill to increase, and that payments will be made through an 388
additional annual assessment on the property and either will be 389
paid directly to the county tax collector's office as part of 390
the total annual secured property tax bill or may be paid 391
through the residential real property owner's mortgage escrow 392
account. 393
(h) That the residential real property owner has disclosed 394
whether the property has received, or the owner is seeking, 395
additional assessments funded under this section and that the 396
owner has disclosed all other a ssessments funded under this 397
section which are or are about to be placed on the property. 398
(i) That the property will be subject to a lien during the 399
term of the assessment financing agreement and that the 400
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obligations under the agreement may be required t o be paid in 401
full before the residential real property owner sells or 402
refinances the property. 403
(j) That any potential utility or insurance savings are 404
not guaranteed and will not reduce the assessment or total 405
assessment amount. 406
(k) That the program ad ministrator does not provide tax 407
advice, and the residential real property owner should seek 408
professional tax advice if he or she has questions regarding tax 409
credits, tax deductibility, or other tax impacts of the 410
qualifying improvement or the assessment f inancing agreement. 411
(19) A residential real property owner may cancel an 412
assessment financing agreement within 3 business days after 413
signing the assessment financing agreement without any financial 414
penalty from the program administrator for doing so. 415
(20) The term of an assessment financing agreement on 416
residential real property may not exceed the lesser of: 417
(a) Thirty years; or 418
(b) The greater of either the weighted average estimated 419
useful life of all qualifying improvements being financed or the 420
estimated useful life of the qualifying improvements to which 421
the greatest portion of funds is disbursed. 422
(21) An assessment financing agreement authorized under 423
this section on residential real property may not include any of 424
the following financing ter ms: 425
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(a) A negative amortization schedule. Capitalized interest 426
included in the original balance of the assessment financing 427
agreement does not constitute negative amortization. 428
(b) A balloon payment. 429
(c) Prepayment fees, other than nominal administra tive 430
costs. 431
(22) For residential real property, a program 432
administrator: 433
(a) May not enroll a contractor who contracts with 434
residential real property owners to install qualifying 435
improvements unless: 436
1. The program administrator makes a reasonable effort to 437
review that the contractor maintains in good standing an 438
appropriate license from the state, if applicable, as well as 439
any other permit, license, or registration required for engaging 440
in business in the jurisdiction in which he or she operates an d 441
that the contractor maintains all state -required bond and 442
insurance coverage; and 443
2. The program administrator obtains the contractor's 444
written agreement that the contractor will act in accordance 445
with all applicable laws, including applicable advertis ing and 446
marketing laws and regulations. 447
(b) Shall maintain a process to enroll new contractors 448
which includes reasonable review of the following for each 449
contractor: 450
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1. Relevant work or project history. 451
2. Financial and reputational background checks . 452
3. A criminal background check. 453
4. Status on the Better Business Bureau online platform or 454
another online platform that tracks contractor reviews. 455
(c) A program administrator may pay or reimburse 456
contractors for any expense allowable under applicab le state law 457
and not otherwise prohibited under this section, including, but 458
not limited to, marketing, training, and promotions. 459
(23)(a) Before disbursing funds to a contractor for a 460
qualifying improvement on residential real property, a program 461
administrator must first confirm that the applicable work or 462
service has been completed through any of the following: 463
1. A written certification from the property owner; 464
2. A recorded telephone call with the property owner; 465
3. A review of geotagged and time -stamped photographs; 466
4. A review of a final permit; or 467
5. A site inspection through third -party means. 468
(b) A program administrator may not disclose to a 469
contractor or to a third party engaged in soliciting an 470
assessment financing agreement the maxim um financing amount for 471
which a residential real property owner is eligible. 472
(24) A program administrator shall comply with the 473
following marketing and communications guidelines when 474
communicating with residential real property owners: 475
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(a) A program administrator may not represent: 476
1. That the REEF program or assessment financing is a 477
government assistance program; 478
2. That qualifying improvements are free or that 479
assessment financing is a free program; or 480
3. That the financing of a qualifying impr ovement using 481
the REEF program does not require the property owner to repay 482
the financial obligation. 483
(b) A program administrator may not make any 484
representation as to the tax deductibility of an assessment 485
authorized under this section. A program admini strator may 486
encourage a property owner to seek the advice of a tax 487
professional regarding tax matters related to assessments. 488
(25) A contractor may not present a higher price for a 489
qualifying improvement on residential real property financed by 490
an assessment financing agreement than the contractor would 491
otherwise reasonably present if the qualifying improvement was 492
not being financed through an assessment financing agreement. 493
(26) A program administrator shall use appropriate 494
methodologies or technologies to identify and verify the 495
identity of the residential real property owner who executes an 496
assessment financing agreement. 497
(27) A program administrator may not provide a contractor 498
with any payment, fee, or kickback in exchange for referring 499
assessment financing business relating to a specific assessment 500
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financing agreement on residential real property. 501
(28) A program administrator shall develop and implement 502
policies and procedures for responding to, tracking, and helping 503
to resolve questions and property owner complaints as soon as 504
reasonably practicable. 505
(29) A program administrator shall maintain a process for 506
monitoring enrolled contractors that contract with residential 507
real property owners to install qualifying improvements with 508
regard to performance and compliance with program policies and 509
shall implement policies for suspending and terminating enrolled 510
contractors based on violations of program policies or 511
unscrupulous behavior. A program administrator shall maintain a 512
policy for determining the conditions on which a contractor may 513
be reinstated to the program. 514
(30) A program administrator shall provide, at a 515
reasonable time following the end of the prior calendar year, an 516
annual report to the dependent special district as defined in s. 517
189.012 or a separate legal entity created pursuant to s. 518
163.01(7) which it has contracted with to administer a REEF 519
program and shall include information and data related to the 520
following: 521
(a) The total number of property owner complaints receiv ed 522
which are associated with project funding in the report year. 523
(b) Of the total number of property owner complaints 524
received which are associated with project funding in the report 525
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year: 526
1. The number and percentage of complaints that relate to 527
the assessment financing. 528
2. The number and percentage of complaints that relate to 529
a contractor or the workmanship of a contractor and are not 530
related to assessment financing. 531
3. The number and percentage of complaints that relate to 532
both a contractor and the assessment financing. 533
4. The number and percentage of complaints received 534
pursuant to subparagraphs 1., 2., and 3. which were resolved and 535
the number and percentage of complaints received pursuant to 536
subparagraphs 1., 2., and 3. which were not resolv ed. 537
(c) The percentage of property owner complaints received 538
pursuant to subparagraphs (b)1., 2., and 3. expressed as a total 539
of all projects funded in the report year. 540
(31)(a) Subsections (16) through (30) do not apply to 541
residential real property if the program administrator 542
reasonably determines that: 543
1. The residential real property is owned by a business 544
entity that owns more than four residential real properties; and 545
2. The business entity's managing member, partner, or 546
beneficial owner does n ot reside in the residential real 547
property. 548
(b) Subsections (16) through (30) apply to a program 549
administrator only when administering a REEF program for 550
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qualifying improvements on residential real property. 551
Subsections (16) through (30) do not apply wit h respect to a 552
local government, to residential property owned by a local 553
government, or to nonresidential real property. 554
Section 2. This act shall take effect July 1, 2023. 555