A bill to amend 2008 PA 295, entitled “Clean and renewable energy and energy waste reduction act,” by amending section 83 (MCL 460.1083), as amended by 2016 PA 342.
Aims to reorganize the Act into three parts and introduces a new section to support local governments in establishing property assessment programs and districts for renewable energy systems, energy efficiency improvements, and environmental projects, including addressing lead and PFAS contamination and severe weather impacts. It outlines financing options such as voluntary property assessments, commercial lending, and bond issuance, and clarifies the roles and fees for governmental officers and entities. Additionally, the bill specifies requirements for program contracts, financing limits, repayment terms, interest rates, capital raising plans, and participant education.
Co-sponsored by Reps.
Referred to the Committee on Energy, Communications, and Technology
