STATEMENT OF PURPOSE
RS31389 / H0624
Commercial Property Assessed Capital Expenditure Act (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
This legislation causes no additional expenditure of funds at the state or local level of government nor does it
cause an increase or decrease in revenue for state or local government, therefore, the legislation has no fiscal
impact.
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 INTRODUCED: 02/22/2024, 9:50 AM