C-PACE loans; stormwater management, residential dwellings and condominiums. (SB1400)

Introduced By

Sen. Chap Petersen (D-Fairfax)

Progress

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

Description

C-PACE loans; stormwater management; residential dwellings and condominiums. Authorizes any locality, by ordinance, to authorize contracts to provide loans for the initial acquisition and installation of stormwater management improvements with free and willing property owners of both existing properties and new construction. Current law authorizes such contracts only for clean energy improvements. The bill removes an exclusion for residential dwellings with fewer than five dwelling units and condominium projects from certain requirements related to a voluntary special assessment lien that secures such a loan. Amends § 15.2-958.3, of the Code of Virginia. Read the Bill »

Status

01/08/2019: Awaiting a Vote in the Local Government Committee

History

DateAction
01/08/2019Prefiled and ordered printed; offered 01/09/19 19101646D
01/08/2019Referred to Committee on Local Government

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