HSB 320: Allowing local governments to establish economic property assessed capital expenditure programs

What it does

This bill allows local governments to establish economic property assessed capital expenditure (E-PACE) programs. The bill declares the general assembly’s intent to authorize local governments to establish E-PACE programs to ensure that free and willing owners of agricultural, commercial, industrial, or multifamily residential property may obtain low-cost, long-term financing for qualifying improvements. _____ increase in economic development, lower insurance costs, and lower disaster and emergency response costs from implementing E-PACE programs serves as a valid public purpose for permitting local governments to adopt the programs, and that E-PACE programs lead to decreased energy and water costs and encourage water and energy sustainability.

House subcommittee · named March 18, 2025

• Rep. Brent Siegrist (R) · brent.siegrist@legis.iowa.gov
• Rep. Jane Bloomingdale (R) · jane.bloomingdale@legis.iowa.gov
• Rep. Aime Wichtendahl (D) · aime.wichtendahl@legis.iowa.gov

Lobbying · 1 for, 1 against

For: Teachers Insurance and Annuity Association (TIAA)

Against: Iowa Bankers Association

In plain words

1. March 18, 2025Filed in the House and sent to the Ways and Means committee
2. March 18, 2025House subcommittee named: Siegrist, Bloomingdale and Wichtendahl