Bills · 2019-2020 Regular Session

AB 498

Died at session end Official bill text Atom feed

Relating to: loans and repayment assistance by a political subdivision for certain improvements to properties and collection of the debt by special charge.

Building Energy conservation Housing Landlord and tenant Lease Loan Municipality — Finance

Introduced, stopped here
Passes Assembly, not reached
Passes Senate, not reached
Governor signs, not reached
Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, a city, village, or town may impose a special charge against

real property for services rendered by allocating the cost of the service to the

properties that are served. Also under current law, a city, village, town, or county

(political subdivision) may make a loan to, or enter into a loan repayment agreement

with, an owner or lessee of a premises for making or installing certain energy or

water efficiency or renewable resource improvements (property assessed clean

energy or PACE program). The political subdivision may collect a loan repayment

under the PACE program as a special charge.

Under this bill, a political subdivision may only make a PACE program loan to,

or enter into a loan repayment agreement with, an owner or a lessee of a property

that is a residential property containing at least five dwelling units or a commercial

property.

Votes

Assembly: Report Assembly Amendment 1 adoption recommended by Committee on Local Government, Ayes 9, Noes 0

Passed 9–0 Jan 28, 2020 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report passage as amended recommended by Committee on Local Government, Ayes 9, Noes 0