Iowa HSB320 allows local governments to establish economic property assessed capital expenditure programs.
Iowa HSB320 allows local governments to establish economic property assessed capital expenditure (E-PACE) programs. These programs enable property owners to obtain low-cost financing for energy efficiency, renewable energy, water conservation, and other improvements. Local governments can impose E-PACE assessments on properties to repay the financing. The bill outlines procedures for establishing E-PACE programs, including public hearings, resolution adoption, and program guidebook creation.
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