Committee advances HB165 to let IRB projects access CPACE financing
Committee gave HB165 a due pass after proponents from economic development groups said allowing industrial revenue bond projects to use CPACE financing would unlock private capital for energy and water efficiency upgrades; sponsor clarified counties opt into CPACE and public entities are not liable for private payments.
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Representatives considered House Bill 165, which would permit commercial projects that use industrial revenue bonds (IRBs) to access Commercial Property Assessed Clean Energy (CPACE) financing. The sponsor said the change would remove a technical exclusion that currently prevents certain IRB projects from using CPACE and would not make public entities liable for private payments.
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