One of several bills we are strongly supporting that would provide more opportunity for energy efficiency financing to flow to existing building projects, passed the Assembly Local Government Committee this week on a unanimous, bipartisan vote.
AB 2131 (Olsen; R-Modesto) would authorize the legislative body of a local government to invest up to 5% of their aggregate investment funds in Property Assessed Clean Energy (PACE) bonds or projects financed with PACE bonds.
If passed, we expect this program would help local governments provide the needed capital and authorize more PACE programs up and down the state.
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