New Jersey - A2080 - 2017

Authorizes municipalities to establish program for public or private financing of certain energy, water and storm resiliency projects under PACE program through use of voluntary special assessments for certain property owners.*

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Financing and Financial Incentives

Added On: 02-22-2017
Updated On: 06-26-2016
Status: Passed One Chamber
Primary Sponsors: Christopher Bateman (Republican), Timothy Eustace (Democratic), Eliana Marin (Democratic), Raj Mukherji (Democratic), Robert Smith (Democratic)

Companion Bills (1)

Actions (9)

  • 01-27-2016 - Introduced, Referred to Assembly Environment and Solid Waste Committee
  • 06-20-2016 - Reported out of Assembly Comm. with Amendments, 2nd Reading
  • 06-20-2016 - Transferred to Assembly Appropriations Committee
  • 06-27-2016 - Passed by the Assembly (64-11-3)
  • 06-30-2016 - Received in the Senate without Reference, 2nd Reading
  • 12-07-2017 - Senate Amendment (27-0) (Smith)
  • 12-18-2017 - Passed by the Senate (35-2)
  • 12-18-2017 - Substituted for S1570 (2R)
  • 12-20-2017 - Received in the Assembly, 2nd Reading on Concurrence

Votes (6)

DateMotion (click for details)ChamberCommitteeYes
06-20-2016Assembly Appropriations Committee: Reported with AmendmentsHouse821yes
06-27-2016Assembly Floor: Third Reading - Final PassageHouse64115yes
12-07-2017Senate Floor: AmendSenate27013yes
12-07-2017Senate Floor: Second Reading (Voice Vote)Senate000yes
12-18-2017Senate Floor: Third Reading - Final PassageSenate3523yes
12-18-2017Senate Floor: Substitute For S1570 (Voice Vote)Senate000yes

Sponsors (10)

News (2)

As PACE Financing Grows Up, the Industry Grapples With Lending Standards and Consumer Protections - Greentech Media
Published by
Wed, 29 Mar 2017 15:19:02 GMT

California Senator Nancy Skinner has developed a new bill to add more consumer protections for residential PACE programs in the state, GTM has learned. ... A new bill, SB 242, has been drafted by California Senator Nancy Skinner. It adds even more ...

PACE green home-upgrade loans could get bigger legal leash - North Bay Business Journal
Published by
Tue, 18 Apr 2017 14:02:57 GMT

While California has stepped up regulation of a type of financing that allows homeowners to fund energy-saving improvements with an assessment on their properties, the industry now faces new proposed federal legislation that it says could threaten the ...