Idaho § 67-3807 C-PACE PROGRAM REQUIREMENTS

Idaho Statutes

§ 67-3807 — C-PACE PROGRAM REQUIREMENTS

Idaho § 67-3807

Title 67STATE GOVERNMENT AND STATE AFFAIRS

Ch. 38COMMERCIAL PROPERTY ASSESSED CAPITAL EXPENDITURE ACT

This text of Idaho § 67-3807 (C-PACE PROGRAM REQUIREMENTS) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 67-3807 (2026).

Text

The terms of a program established pursuant to section 67-3806 (3), Idaho Code, shall include:

(1)Appropriate eligibility factors, including certification by the property owner that:

(a)The property owner requesting to participate in the program:

(i)Is the legal owner of the benefited property;

(ii)Is current on mortgage and property tax payments; and

(iii)Is not insolvent or in bankruptcy proceedings; and

(b)The title of the benefited property is not in dispute;

(2)A requirement that:

(a)The total debt secured by the property, including the C-PACE assessment, does not exceed ninety percent (90%) of the fair market value of the property as complete or as stabilized;

(b)The C-PACE assessment does not exceed:

(i)In the case of new construction, thirty-five percent (35%) of the fair

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The terms of a program established pursuant to section 67-3806 (3), Idaho Code, shall include:
(1) Appropriate eligibility factors, including certification by the property owner that:
(a) The property owner requesting to participate in the program:
(i) Is the legal owner of the benefited property;
(ii) Is current on mortgage and property tax payments; and
(iii) Is not insolvent or in bankruptcy proceedings; and
(b) The title of the benefited property is not in dispute;
(2) A requirement that:
(a) The total debt secured by the property, including the C-PACE assessment, does not exceed ninety percent (90%) of the fair market value of the property as complete or as stabilized;
(b) The C-PACE assessment does not exceed:
(i) In the case of new construction, thirty-five percent (35%) of the fair market value of the property as complete or as stabilized; or
(ii) In the case of a retrofit of existing property, twenty-five percent (25%) of the fair market value of the property as completed or as stabilized; and
(c) The determination of fair market value shall be established by a qualified appraisal completed no more than twelve (12) months prior to the time of application;
(3) A description of the types of qualified projects that may be subject to special assessments;
(4) A statement identifying the local government official authorized to enter into and execute written contracts on behalf of the local government;
(5) A statement that the period of the special assessment must not exceed the weighted average of the useful life of the qualified project that is the basis for the assessment;
(6) A statement explaining the manner in which property will be assessed and how assessments will be collected; and
(7) The procedures for billing and collecting voluntary special assessments and remedies for enforcement of a delinquent special assessment.