REVISED
STATEMENT OF PURPOSE
RS30971 / H0541
Commercial property assessed clean energy (CPACE) is a financing structure in which commercial building
owners borrow money for certain energy and water-related projects and make repayments via an assessment on
their property tax bill. The financing arrangement then remains with the property even if it is sold, facilitating
long-term investments in building performance. CPACE is funded by private investors and administered by
local government. Local governments, lenders, and commercial building owners must enter this program
voluntarily. There is no impact on property taxpayers.
FISCAL NOTE
There is no impact to the General Fund.
Contact:
Representative Megan Blanksma
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN REVISED: 02/19/2024, 2:41 PM