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Legislative Year: 2023 Change
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Bill Detail: HB23-1005

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Title New Energy Improvement Program Changes
Status House Third Reading Passed - No Amendments (02/03/2023)
Bill Subjects
  • State Government
House Sponsors B. Titone (D)
J. Willford (D)
Senate Sponsors S. Jaquez Lewis (D)
J. Marchman (D)
House Committee Energy and Environment
Senate Committee
Date Introduced 01/09/2023
Summary

The commercial property assessed clean energy program
(C-PACE) is part of the new energy improvement program. C-PACE
allows owners of eligible real property to apply to the Colorado new
energy improvement district (district) to finance certain energy efficiency
improvements. The bill allows owners to also apply to the district to
finance resiliency improvements and water efficiency improvements.
Additionally, when the district approves a C-PACE application, an
owner consents to the district levying a special assessment on an owner's
eligible real property. Current law requires the district to notify district
members and existing lienholders about the special assessment and the
availability of a hearing to resolve any complaints or objections. After a
hearing, current law further requires the district to pass a resolution
resolving any complaints or objections. The bill eliminates the
requirements for the district to give notice about a hearing, conduct a
hearing, and pass a resolution resolving complaints or objections. Instead
of notifying district members and existing lienholders about the
availability of a hearing, the bill requires the district to send a notice of
assessment, which specifies the amount of the special assessment to be
levied on the eligible real property, explains that the special assessment
constitutes a lien against the eligible real property, and explains that the
district is not a party to any private financing agreements.

Committee Reports
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Fiscal Notes Fiscal Notes (01/13/2023) (most recent)  
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