Indiana Senate Panel to Hear SB 260 Clean Energy Improvement Financing District 2/3 January 30, 2011Posted by Laura Arnold in 2011 Indiana General Assembly, Indiana Utility Regulatory Commission (IURC).
Tags: SB 260 Clean energy improvement financing district
Agenda for : Senate Utilities & Technology Committee
Thursday, February 3, 2011
10:00 AM EST
Room 233 State House, Indianapolis, IN
Leising R.M., Gard, Kruse, Schneider, Tomes, Yoder
Randolph R.M.M., Breaux, R. Young
SB 0260 Clean energy improvement financing district. (Merritt)
Digest : 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.
*– Demand side management order presentation by the IURC–
Chairman : Merritt