The bill amends existing laws regarding the sale of abandoned properties and the permitting of renewable energy resources and energy storage systems. It introduces new provisions that allow a receiver, appointed to manage abandoned properties, to sell the property if a public nuisance has been abated or if an abatement plan is approved by the court. The bill specifies that any sale must include a reverter clause if the abatement plan is not completed as agreed. Additionally, it prioritizes sales to parties who commit to designating the property for low- and moderate-income housing, reselling below market value, or installing energy storage systems.

Furthermore, the bill establishes that energy storage systems proposed for abandoned or contaminated properties will be considered a by-right, permitted use under municipal zoning codes, meaning they will not face additional scrutiny for environmental impacts. It also clarifies that renewable energy resources and energy storage systems proposed for previously contaminated properties will be treated similarly, streamlining the permitting process. The act is set to take effect upon passage, promoting the development of energy storage solutions while addressing issues related to abandoned properties.

Statutes affected:
2800: 34-44-12, 42-140.5-9