Idaho § 67-3802 LEGISLATIVE FINDINGS AND INTENT

Idaho Statutes

§ 67-3802 — LEGISLATIVE FINDINGS AND INTENT

Idaho·Title 67 STATE GOVERNMENT AND STATE AFFAIRS·Ch. 38 COMMERCIAL PROPERTY ASSESSED CAPITAL EXPENDITURE ACT

It is the intent of the legislature to authorize the establishment of a commercial property assessed capital expenditure (C-PACE) program that local governments may voluntarily implement to ensure that free and willing owners of agricultural, commercial, industrial, or multifamily residential properties can obtain low-cost, long-term financing for qualifying improvements. The legislature finds that enabling local governments to adopt C-PACE programs serves a valid public purpose because the use of C-PACE programs will increase economic development, lower insurance costs, and lower disaster and emergency response costs to local governments. C-PACE programs will also decrease energy and water costs and encourage energy and water sustainability.

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It is the intent of the legislature to authorize the establishment of a commercial property assessed capital expenditure (C-PACE) program that local governments may voluntarily implement to ensure that free and willing owners of agricultural, commercial, industrial, or multifamily residential properties can obtain low-cost, long-term financing for qualifying improvements. The legislature finds that enabling local governments to adopt C-PACE programs serves a valid public purpose because the use of C-PACE programs will increase economic development, lower insurance costs, and lower disaster and emergency response costs to local governments. C-PACE programs will also decrease energy and water costs and encourage energy and water sustainability.

Idaho § 67-3802 (LEGISLATIVE FINDINGS AND INTENT) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.