SB 1093 - This act modifies provisions relating to property assessments for energy efficiency improvements. This act modifies the definition of "assessment contract" by changing the length of time for such contract between a clean energy development board and a property owner from a period of 20 years to 25 years, and further changes references from 20 years to 25 years throughout this act. This act further modifies the definition of "energy efficiency improvement" to include facilities providing water conservation or pollutant control.
This act modifies the powers of clean energy development boards to allow such boards to cause the collection of special assessments under assessment contracts with a property owner, and to record delinquent assessments as a lien on the property. Further, under current law, special assessments shall be considered a lien on the property against which it is assessed from the date that the assessment is due, and such assessment shall be collected by the county collector. Under this act, special assessments shall be considered a lien on the property against which it is assessed from the date that the assessment is delinquent, and may be collected by either the clean energy development board or the county collector. If collected by the county collector, such assessment revenues shall be paid to the clean energy development board.
This act is substantially similar to HB 2556 (2016).
KAYLA HAHN