Subcommittee approves technical changes to Virginia’s commercial PACE program
House Bill 1819 passed the County, Cities and Towns Subcommittee 6–1; the bill clarifies recording-tax treatment, condo language, and expands retroactive financing from two to three years for Commercial Property Assessed Clean Energy (CPACE) financing.
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House Bill 1819, which makes targeted changes to the Commonwealth’s Commercial Property Assessed Clean Energy (CPACE) program, passed the County, Cities and Towns Subcommittee No. 2 by a 6–1 vote.
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