Bill: SB 2072, 86(R) - 2019

Committee

Senate Intergovernmental Relations

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
Neutral Neutral Neutral Neutral Neutral Neutral

Author(s)

Larry Taylor

Bill Caption

Relating to the authority of a development corporation created by the Gulf Coast Authority to finance certain improvements.

Fiscal Notes

No fiscal implication to the State is anticipated. 

Bill Analysis

SB 2072 would authorize a development corporation created by the Gulf Coast Authority to finance qualified improvements located inside or outside of Texas in the same manner and to the same extent as a county. The development corporation is not required to obtain approval from any entity other than GCA.

In other words, this bill would authorize the GCA to use Property Assessed Clean Energy (PACE) financing. PACE is a financial tool that incentivizes property owners to upgrade facility infrastructure with little or no capital outlay. These programs enable owners to lower their operating costs and use the savings to pay for eligible water conservation, energy efficiency, resiliency, and distributed generation projects. Owners gain access to private, affordable, longterm financing in the form of a land-secured assessment that is paid off over time.

Vote Recommendation Notes

Texas Action remains neutral SB 2072 as it does not appear to affect our liberty principles.


Source URL (retrieved on 03/29/2024 02:03 AM): http://reports.texasaction.com/bill/86r/sb2072?print_view=true