Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House committee weighs letting lenders also administer Vermont commercial PACE program
Summary
Witnesses from VIDA and Efficiency Vermont backed enabling commercial PACE (CPACE) in draft S.327 and urged flexibility on who may serve as program administrator; Department of Financial Regulation warned of potential conflicts but said oversight and licensing could mitigate risks. Committee signaled support for removing a prohibition on lenders serving as administrators and will refine language with counsel.
The Vermont House Committee on Commerce & Economic Development continued work on draft S.327 on April 15, focusing on a commercial property-assessed clean energy (CPACE) provision. Joan Goldstein of VIDA testified that VIDA supports the legislation and would like to participate as a lender in the program, while urging several technical changes to the draft.
Goldstein told the committee VIDA "support[s] the bill" and recommended replacing references to "assessed value" with "appraised or stabilized value" to better reflect commercial practice. She also said the bill's most recent draft had spelled out resiliency measures and that she had recommended clarifying when projects must "meet or exceed" code; Goldstein asked…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
