Record #:

22035

Author(s):

Millonzi, Kara A.

Abstract:

This bulletin explains the new legal authority for local governments to fund energy improvements on private property through either revolving loan funds or special assessment programs (collectively, energy financing programs). The bulletin first discusses the types of energy projects that may be funded under an energy financing program. It then details the basic contours of the authority (including procedural requirements and program limitations) for establishing the revolving loan funds or special assessment programs. Finally, it highlights the potential legal hurdles (both statutory and constitutional) to establishing the energy financing programs in this state.

Source:

Local Finance Bulletin (NoCar KFN 7888 .L62), Vol. Issue 41, Feb 2010, p1-30, il, f

Subject(s):

Climate change--Local government response; Local energy projects--Types of--Financing