2/17/11 Indiana House Panel to Hear HB 1457 to create clean energy improvement financing districts (aka PACE)

Posted by Laura Arnold  /   February 16, 2011  /   Posted in 2011 Indiana General Assembly, Property Assessed Clean Energy (PACE)  /   No Comments

Posting Time: 02/15/2011 05:30 PM

Agenda for : House Local Government Committee

DATE: Thursday, February 17, 2011

TIME: 8:00 AM EST

PLACE: Room 156-B, State House, Indianapolis, IN

Chairman : Rep. Tim Neese (R-Elkhart) h48@in.gov or (317) 232-9677

Vice-Chair : Rep. Kathy Heuer (R-Columbia City) h83@in.gov or (317) 232-9647

Members :

Rep. Bruce Borders (R-Jasonville) h54@in.gov or (317) 232-9678

Rep. Sean Eberhart (R-Shelbyville) h57@in.gov or (317) 234-9499

Rep. Phil Hinkle (R-Indianapolis) h92@in.gov or (317) 234-3827 

Rep. Rhonda Rhoads (R-Corydon) h70@in.gov or (317) 232-9619

Rep. Tom Saunders (R-Lewisville) h54@in.gov or (317) 232-9677 

Rep. Heath VanNatter (R-Kokomo) h38@in.gov or (317) 232-9647

Rep. Vernon Smith R.M.M. (D-Gary)  h14@in.gov or (317) 232-9875

Rep. John Day (D-Indianapolis) h100@in.gov or (317) 232-9976

Rep. Nancy Dembowski (D-Knox) h17@in.gov or (317) 234-9012

Rep. Win Moses, Jr. (D-Ft. Wayne) h81@in.gov or (317) 232-9999

Rep. Cherrish Pryor (D-Indianapolis) h94@in.gov or (317) 234-9047

HB 1507 - Reconsideration

HB 1275 - Has been added to bill list

Hearing : (Authors 1st, Co-Author)

HB 1507 Floyd County park district. (Clere)

HB 1457 Clean energy improvement financing district.( Neese, Sullivan)

DIGEST OF INTRODUCED BILL: Clean energy improvement financing district. Allows the legislative body of a political subdivision (other than a township) to establish a clean energy improvement financing district for the purpose of issuing bonds to fund clean energy improvements for voluntary participants in the program. Provides that the bond proceeds are used to pay all costs associated with the improvements and that assessments are imposed only on participating property owners to repay the bonds. Establishes a 20 year period for bond repayment and for the payment of assessments on each property. Provides that assessments are billed, collected, and enforced in the same manner as property taxes.

HB 1543 Regulation of residential leases.(Speedy Turner)

HB 1252 CEDIT for Perry County jail. (Ellspermann Davisson)

HB 1275 Local transfers between funds. (Saunders)

A similar bill, SB 260, was introduced in the Indiana State Senate and heard in the Senate Utilities and Technology Committee earlier this month. SB 260 was amended to prohibit municipal bonds to finance this proposed program. SB 260 is currently on the Second Reading calendar in the Indiana Senate tomorrow (2/17/2011) and therefore, is available for amendments to be offered on the floor of the Senate. The Senate goes into session 2/17/2011 at 1:30 pm.

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