Bill > H0378

This bill adds a new chapter to Idaho's laws to establish a Commercial Property Assessed Capital Expenditure (C-PACE) program. The C-PACE program allows local governments to authorize the financing of qualifying energy-saving, water-saving, or resilience improvements on commercial properties through voluntary special assessments. The bill outlines the program requirements, application and review process, and procedures for billing, collection, and enforcement of the special assessments. The program is intended to increase economic development, lower energy and water costs, and encourage sustainability and resilience for commercial properties.