Financing of clean energy programs; development of optional underwriting guidelines. (HB1665)

Introduced By

Del. Randy Minchew (R-Leesburg) with support from co-patron Sen. Barbara Favola (D-Arlington)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Financing of clean energy programs; development of optional underwriting guidelines. Expands the requirements of a local ordinance authorizing contracts to provide loans for clean energy improvements. The bill adds water efficiency improvements to the list of improvements for which loans may be offered; allows a locality to contract with a third party to administer the loan program; and requires a locality to identify any administrative fee it intends to impose on participants and sets parameters for the imposition of that fee. The bill also details the priority, enforceability, and other characteristics of the lien, now called a voluntary special assessment lien, that a locality is permitted to place against the property where the clean energy systems are installed. Finally, the bill directs the Department of Mines, Minerals and Energy (DMME) to develop optional underwriting guidelines for local loans made to finance clean energy improvements. The bill requires DMME to finalize the guidelines by December 1, 2015, incorporating input from certain groups representing real estate; banking, including community banking; energy efficiency; and other interests or industries and evaluating certain specific criteria. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2015Committee
01/09/2015Prefiled and ordered printed; offered 01/14/15 15102214D
01/09/2015Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/16/2015Impact statement from DPB (HB1665)
01/28/2015Referred from Agriculture, Chesapeake and Natural Resources
01/28/2015Referred to Committee on Counties, Cities and Towns
01/29/2015Assigned CC & T sub: Subcommittee #2
02/04/2015Subcommittee recommends striking from docket
02/06/2015Stricken from docket by Counties, Cities and Towns