PACE Financing Loans: SB 162—Local Government by Sen. Matt Brass (R), Newnan, was presented in the House Energy, Utilities and Communications Committee on Thursday even though it was tabled at last week’s committee meeting; however, the contents of the bill relating to PACE (property assessed clean energy) Financing of disaster mitigation improvements and broadband services were completely stripped out of the bill. While the bill number and title will look the same, the content of the bill was completely replaced and became a vehicle for another bill. The content of the new bill substitute relates to short-term rentals.
While the PACE Financing language was stripped, we do expect the author to continue working with CBA and other interested parties to craft language that would be acceptable to all parties for the next legislative session.
EVP, Chief of Staff, Government & Regulatory Relations
Lori represents and protects the interests of community banks during Georgia’s General Assembly, calls on banks throughout the year, oversees the Association’s PAC/PR fundraising efforts and assists with our Banker Regulatory Forums.
Legislation CBA is Tracking