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PROPERTY ASSESSED CLEAN ENERGY ACT
Act 270 of 2010
AN ACT to authorize local units of government to adopt property assessed clean energy programs and to create districts to promote the use of renewable energy systems and energy efficiency improvements by owners of certain real property; to provide for the financing of such programs through voluntary property assessments, commercial lending, and other means; to authorize a local unit of government to issue bonds, notes, and other evidences of indebtedness and to pay the cost of renewable energy systems and energy efficiency improvements from the proceeds thereof; to provide for the repayment of bonds, notes, and other evidences of indebtedness; to authorize certain fees; to prescribe the powers and duties of certain governmental officers and entities; and to provide for remedies.
History: 2010, Act 270, Imd. Eff. Dec. 14, 2010
© 2017 Legislative Council, State of Michigan
The People of the State of Michigan enact: