Arizona HB2824 establishes a C-PACE program for commercial property assessed capital expenditure financing.

Arizona HB2824 amends state statutes to establish a C-PACE program for commercial property assessed capital expenditure financing. This program allows local governments to finance improvements that conserve water or increase energy efficiency. The bill outlines procedures for establishing the program, entering into special assessment agreements, and collecting delinquent assessments. It also details the roles of local program authorities and capital providers in administering the program.

Arizona HB2824 establishes a C-PACE program for commercial property assessed capital expenditure financing.

Arizona HB2824 amends state statutes to establish a C-PACE program for commercial property assessed capital expenditure financing. This program allows local governments to finance improvements that conserve water or increase energy efficiency. The bill outlines procedures for establishing the program, entering into special assessment agreements, and collecting delinquent assessments. It also details the roles of local program authorities and capital providers in administering the program.