LRB-2742/1
EVM:kjf
2019 - 2020 LEGISLATURE
October 1, 2019 - Introduced by Representatives Allen, Brandtjen, Fields,
Skowronski and Steffen, cosponsored by Senator Stroebel. Referred to
Committee on Local Government.
AB498,1,3
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:
AB498,1
4Section 1
. 66.0627 (8) (a) of the statutes is amended to read:
AB498,2,7
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.
