HCSHB2756--PROPERTYASSESSMENTCLEANENERGYACT(O'Donnell)
COMMITTEEOFORIGIN:StandingCommitteeonLocalGovernment
ThisbillrevisesthePropertyAssessmentCleanEnergyActby
makingitinapplicabletoresidentialproperty. Thebillprovides
guidanceforanyresidentialpropertiesapprovedfortheprogram
betweenJanuary1,2022,andAugust28,2024.Thebillclarifies
thatacleanenergydevelopmentboardcanacquireloansor
assessmentcontractsfromotherstatesandtheirmunicipalities and
politicalsubdivisionstoserveacommonpurposeofproviding
financingsupportforcreditenhancementforanyproject. Thebill
alsochangesthemaximumfinancingdurationoncommercialproperty
assessmentcleanenergyloansfrom20yearsto30years.