A bill to amend 2010 PA 270, entitled “Property assessed clean energy act,” (MCL 460.931 to 460.949) by amending the title, by designating section 1 as part 1 and sections 3 to 19 as part 2, and by adding part 3.
Aims to reorganize the Act into three parts and introduces a new section to support local governments in establishing property assessment programs and districts for renewable energy systems, energy efficiency improvements, and environmental projects, including addressing lead and PFAS contamination and severe weather impacts. It outlines financing options such as voluntary property assessments, commercial lending, and bond issuance, and clarifies the roles and fees for governmental officers and entities. Additionally, the bill specifies requirements for program contracts, financing limits, repayment terms, interest rates, capital raising plans, and participant education.
Co-sponsored by Reps.
Referred to the Committee on Energy, Communications, and Technology
