Introduced
by
To revise a <a href="http://www.michiganvotes.org/2009-HB-5640">2010 law</a> that granted local governments the power to lend a property owner money for “energy efficiency improvements” or a “renewable energy system,” and also levy a special assessment on the property from which the loan would be repaid. The bill would permit local governments to incur new “general obligation” debt to secure the debt they have already incurred under these programs, which the original law specified could <i>not</i> be general obligation debt. It would also repeal a provision that requires a property owner who enters one of these programs to notify the person’s mortgage lender.
Referred to the Committee on Energy and Technology
