Florida League of Cities

Resiliency Energy Environment Florida Program (Watch) – FAILED 

CS/HB 101 (Fine) and CS/SB 228 (Rodriguez, A.) amend current law relating to Property Assessed Clean Energy programs (PACE), whereby local governments, alone or in partnership with a program administrator, may finance qualifying improvements on residential property relating to energy conservation and efficiency or renewable energy. The bills add several consumer protections to the current PACE program, including: capping the total of all non-ad valorem assessments, plus any mortgage debt on the property at 97% of a residential property’s fair market value, requiring a determination that a property owner meets certain creditworthiness requirements, and allowing property owners to cancel a financing agreement within three days of execution. The bills also require the local government to post an online annual report documenting certain PACE activities. (Hughes)