2020 Senate Bill 1031

Expand local borrow-and-loan improvements program

Introduced in the Senate

July 23, 2020

Introduced by Sen. Jeff Irwin (D-18)

To expand a debt and loan program that lets local governments borrow and use the money to make loans to owners of “noncommercial, nonindustrial property” for improvements that mitigate environmental hazards, affect water use and energy efficiency, add renewable energy features and more, which would be paid for through a special assessment property tax levy on the particular parcel.

Referred to the Committee on Energy and Technology