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Committee advances septic replacement loan program to finance after amendments, 9‑4
Summary
The committee moved House Bill 25‑1120, which would create a DOLA‑based septic system replacement enterprise funded by a tiered fee on septic permits and administered through CDFIs, to the finance committee on a 9‑4 vote. Sponsors said the program aims to help low‑income homeowners replace failing systems and protect water quality.
The House Energy & Environment Committee voted 9‑4 to advance House Bill 25‑1120, sending the measure to the Finance Committee with amendments.
The bill would create the Septic System Replacement Enterprise at the Department of Local Affairs (DOLA). The enterprise would impose a small, tiered fee on septic‑system permits; fee revenue would fund interest‑free or low‑interest loans to low‑income or low‑credit households to replace failing septic systems. Local governments collecting the permits could retain up to 5% of the fee to cover administrative costs, and the enterprise would contract with at least two community development financial institutions (CDFIs) to administer loans. The enterprise would…
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