PACE Bill Passed in Utah

This winter, PACE-enabling legislation was introduced in Arizona, Arkansas, Illinois, Massachusetts, Utah, and Texas. Utah passed PACE bill in the middle of March and Governor Gary R. Herbert is expected to sign the bill shortly. NASEO works with states through its Financing Committee on these and other financing issues.
Beginning mid-year 2012, Utah Clean Energy began working closely with interested local governments, property owners, to bring the commercial component of the bill back to life. In mid-February 2013, Senate Bill (SB) 221, Assessment Area Act Amendments, sponsored by Senator Kevin Van Tassel, was introduced to the Utah Legislature. This enabling legislation allows municipalities in Utah to offer C-PACE financing to commercial building owners in Utah.  Visit PACENow to learn more.