Clean energy and other programs; local financing when owner costs are incurred. (HB1859)

Introduced By

Del. Nancy Guy (D-Virginia Beach) with support from co-patrons Del. Angelia Williams Graves (D-Norfolk), and Del. Suhas Subramanyam (D-Sterling)

Progress

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

Description

Local financing of clean energy and other programs; when owner costs are incurred. Changes the parameters for local ordinances authorizing loan contracts for the installation by property owners of clean energy, resiliency, or stormwater management improvements. The bill provides that if the property owner incurred the costs of improvements to be refinanced or reimbursed within the two years prior to the closing date of the financing, the loan amount may include the total costs of the improvements to be refinanced or reimbursed. The bill removes the requirement that the applicable local ordinance include the proposed interest rate for the loan program and the maximum aggregate dollar amount that may be financed with respect to a property, and it provides that no loan offered under the program shall be used to improve a residential dwelling that contains fewer than five dwelling units or a residential condominium. The bill alters the fee options available to the locality and provides that the placement of a voluntary special assessment lien does not require a new assessment of the value of the real property. The bill contains technical amendments. Read the Bill »

Status

01/21/2021: In Committee

History

DateAction
01/07/2021Prefiled and ordered printed; offered 01/13/21 21101155D
01/07/2021Referred to Committee on Counties, Cities and Towns
01/15/2021House committee, floor amendments and substitutes offered
01/15/2021Committee substitute printed 21103098D-H1
01/15/2021Reported from Counties, Cities and Towns with substitute (16-Y 6-N) (see vote tally)
01/18/2021Read first time
01/19/2021Read second time
01/19/2021Committee substitute agreed to 21103098D-H1
01/19/2021Engrossed by House - committee substitute HB1859H1
01/20/2021Read third time and passed House (61-Y 38-N)
01/20/2021VOTE: Passage (61-Y 38-N) (see vote tally)
01/21/2021Constitutional reading dispensed
01/21/2021Referred to Committee on Local Government

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