HB 23-1005 CO Became Law
New Energy Improvement Program Changes
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Summary
The commercial property assessed clean energy program (C-PACE) is part of the new energy improvement program. C-PACE allows owners of eligible real property to apply to the Colorado new energy improvement district (district) to finance certain energy efficiency improvements. The act allows owners to also apply to the district to finance resiliency improvements and water efficiency improvements. Additionally, when the district approves a C-PACE application, an owner consents to the district levying a special assessment on an owner's eligible real property. Current law requires the district to notify district members and existing lienholders about the special assessment and the availability of a hearing to resolve any complaints or objections. After a hearing, current law further requires the district to pass a resolution resolving any complaints or objections. The act eliminates the requirements for the district to give notice about a hearing, conduct a hearing, and pass a resolution resolving complaints or objections. Instead of notifying district members and existing lienholders about the availability of a hearing, the act requires the district to send a notice of assessment, which specifies the amount of the special assessment to be levied on the eligible real property and explains that the special assessment constitutes a lien against the eligible real property. APPROVED by Governor March 8, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Jenny Willford Democratic · primary
- Brianna Titone Democratic · primary
- Sonya Jaquez Lewis · primary
- Janice Marchman Democratic · primary
Action history (13)
- Mar 8, 2023 Governor Signed · executive
- Mar 7, 2023 Sent to the Governor · executive
- Mar 6, 2023 Signed by the President of the Senate · upper
- Mar 6, 2023 Signed by the Speaker of the House · lower
- Mar 1, 2023 House Considered Senate Amendments - Result was to Concur - Repass · lower
- Feb 28, 2023 Senate Third Reading Passed - No Amendments · upper
- Feb 27, 2023 Senate Second Reading Passed with Amendments - Committee · upper
- Feb 22, 2023 Senate Committee on Transportation & Energy Refer Amended to Senate Committee of the Whole · upper
- Feb 8, 2023 Introduced In Senate - Assigned to Transportation & Energy · upper
- Feb 3, 2023 House Third Reading Passed - No Amendments · lower
- Feb 2, 2023 House Second Reading Special Order - Passed - No Amendments · lower
- Jan 26, 2023 House Committee on Energy & Environment Refer Unamended to House Committee of the Whole · lower
- Jan 9, 2023 Introduced In House - Assigned to Energy & Environment · lower
Text versions (9)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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