LRB-4008/1
EVM:kjf
2019 - 2020 LEGISLATURE
September 27, 2019 - Introduced by Senator Stroebel, cosponsored by
Representatives Allen, Steffen, Brandtjen, Skowronski and Fields.
Referred to Committee on Local Government, Small Business, Tourism and
Workforce Development.
SB452,1,3
1An Act to amend 66.0627 (8) (a) of the statutes;
relating to: loans and
2repayment assistance by a political subdivision for certain improvements to
3properties and collection of the debt by special charge.
Analysis by the Legislative Reference Bureau
Under current law, a city, village, or town may impose a special charge against
real property for services rendered by allocating the cost of the service to the
properties that are served. Also under current law, a city, village, town, or county
(political subdivision) may make a loan to, or enter into a loan repayment agreement
with, an owner or lessee of a premises for making or installing certain energy or
water efficiency or renewable resource improvements (property assessed clean
energy or PACE program). The political subdivision may collect a loan repayment
under the PACE program as a special charge.
Under this bill, a political subdivision may only make a PACE program loan to,
or enter into a loan repayment agreement with, an owner or a lessee of a property
that is a residential property containing at least five dwelling units or a commercial
property.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB452,1
4Section 1
. 66.0627 (8) (a) of the statutes is amended to read:
SB452,2,7
166.0627
(8) (a) A political subdivision may make a loan, or enter into an
2agreement regarding loan repayments to a 3rd party for owner-arranged or
3lessee-arranged financing, to an owner or lessee of a premises
that is a residential
4property containing at least 5 dwelling units or a commercial property and that is 5located in the political subdivision for a brownfield revitalization project or for
6making or installing an energy efficiency improvement, a water efficiency
7improvement, or a renewable resource application to the premises.
