An act to amend 2010 PA 270, entitled “An act to authorize local units of government to adopt property assessed clean energy programs and to create districts to promote the use of renewable energy systems and energy efficiency improvements by owners of certain real property; to provide for the financing of such programs through voluntary property assessments, commercial lending, and other means; to authorize a local unit of government to issue bonds, notes, and other evidences of indebtedness and to pay the cost of renewable energy systems and energy efficiency improvements from the proceeds thereof; to provide for the repayment of bonds, notes, and other evidences of indebtedness; to authorize certain fees; to prescribe the powers and duties of certain governmental officers and entities; and to provide for remedies,” by amending section 9 (MCL 460.939), as amended by 2017 PA 242.
Senate Bills 302 and 303 would amend the Property Assessed Clean Energy (PACE) Act, which enables local units of government to facilitate long-term financing for the owners of commercial or industrial property for projects related to renewable energy, energy efficiency, or water efficiency. Among other things, the bills would do the following: • Expand the scope of the act to include agricultural property. • Allow environmental hazard projects to be financed under a PACE program. • Allow a property owner to waive a guarantee that the amount of savings from a project will exceed the amount of the investment. • Define a project category called new construction energy projects, which would be exempted from the requirement that savings exceed investment. These energy projects would have to exceed applicable requirements of the Michigan Uniform Energy Code.
Co-sponsored by Sens.
Referred to the Committee on Energy and Environment
Reported without amendment
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 24 to 14 (details)
Referred to the Committee on Energy, Communications, and Technology
Reported without amendment
Passed in the House 56 to 52 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
