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2022 Michigan Compiled Laws
Chapter 460 - Public Utilities
Act 270 of 2010 - Property Assessed Clean Energy Act (460.931 - 460.949)
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
- Section 460.931 - Short Title.
- Section 460.933 - Definitions.
- Section 460.935 - Property Assessed Clean Energy Program; Establishment by Local Unit of Government; Contract With Record Owner of Property; Financing.
- Section 460.937 - Establishment; Actions to Be Taken by Local Unit of Government; Adoption or Amendment of Resolution.
- Section 460.939 - Report; Contents; Availability.
- Section 460.941 - Imposition of Assessment; Written Contract; Verification.
- Section 460.943 - Assessment as Lien Against Property; Installments to Be Included in Summer and Winter Tax Bill.
- Section 460.945 - Bonds or Notes; Issuance.
- Section 460.947 - Self-Directed Energy Optimization Plan.
- Section 460.949 - Property Assessed Clean Energy Program; Joint Implementation.
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