HB 404/FN/LM (BR 1576) - J. Kay, K. Hall
AN ACT relating to energy project assessment districts.
Create new sections of KRS Chapter 65 to allow local governments to establish energy project assessment district programs in order to advance the efficient use of energy and water resources by allowing for energy projects to be financed by assessments imposed on only those properties participating in a program; define terms; establish the basic required parameters of a program; allow local governments to impose assessments on participating properties and provide the terms for the collection of the assessments, including the grant of senior tax lien status therefor; allow local governments to issue bonds for the financing of a program; prohibit a local government from imposing an assessment on property under a program, except upon the request of the owner of record; declare short title of the Act.
HB 404 - AMENDMENTS
HCS/LM - Retain original provisions, except provide that no provision of this Act shall be interpreted to expand the statutory powers of eminent domain belonging to a local government, state agency, or private entity; clarify public purpose language; provide that any fees imposed on participating property owners by the local government shall not exceed the costs of services performed, and that the fees may also defray the costs incurred by various county offices relating to the collection of the assessments; provide that a local government may only engage financing to administer a program from certain financial institutions.
HFA (1, K. King) - Retain original provisions; provide that the terms and conditions of a program may not be retroactively amended by a local government in a way that affects existing assessments without the written consent of the affected property owner.
Feb 19-introduced in House
Feb 20-to Tourism Development & Energy (H)
Mar 18-posted in committee
Mar 20-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 21-2nd reading, to Rules; taken from Rules; placed in the Orders of the Day
Mar 24-floor amendment (1) filed to Committee Substitute
Mar 25-3rd reading, passed 64-32 with Committee Substitute, floor amendment (1)
Mar 26-received in Senate; taken from Committee on Committees (S); 1st reading; returned to Committee on Committees (S)