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Committee passes CPACE financing bill (Senate Bill 458)
Summary
The committee unanimously passed Senate Bill 458, which authorizes financing of public safety and resiliency improvement projects through commercial property assessed capital enhancement (CPACE) programs.
The Senate Local Government Committee unanimously passed Senate Bill 458, a bill that would allow financing of public safety and resiliency improvement projects through commercial property assessed capital enhancement programs (CPACE).
The sponsor described the bill as enabling CPACE financing for public-safety and resiliency projects. After a brief description there was no substantive discussion recorded in the hearing transcript, and the committee proceeded to a voice vote. Proxies were recorded during the vote.
The committee announced the bill passed out of committee by unanimous voice vote; a carrier was named to handle the bill’s progress. The committee concluded executive action on SB 458 and moved on to other business.
