(1) The General Assembly finds that:(1) It is in the best interest of the state to authorize districts or capital providers that make available to citizens one (1) or more financing programs, including without limitation a PACE program, to fund qualifying improvements to eligible properties at the request of the owner;(2) The programs described in subdivision (1) of this section will benefit the citizens of this state by:(A) Decreasing the cost of providing funds to participating citizens and lowering the aggregate issuance and servicing costs of financing; and(B) Making funds available to rural communities throughout the state that might not otherwise create and finance the programs described in subdivision (1) of this section; and(3) The programs described in subdivision (1) of this section will further the public purpose of:(A) Creating jobs and stimulating the state's economy;(B) Generating significant economic development through the investment of the proceeds of financing in local communities, including without limitation increased sales tax revenue;(C) Protecting participating citizens from the financial impact of the rising cost of utilities and property insurance;(D) Providing the citizens of this state with informed choices and additional options for financing improvements that may not otherwise be available;(E) Increasing the value of the improved eligible property for participating citizens;(F) Improving the state's air quality and conserving natural resources, including water;(G) Attracting manufacturing facilities and related jobs to the state; and(H) Promoting energy independence and security for the state and the nation.
(1) It is in the best interest of the state to authorize districts or capital providers that make available to citizens one (1) or more financing programs, including without limitation a PACE program, to fund qualifying improvements to eligible properties at the request of the owner;
(2) The programs described in subdivision (1) of this section will benefit the citizens of this state by:(A) Decreasing the cost of providing funds to participating citizens and lowering the aggregate issuance and servicing costs of financing; and(B) Making funds available to rural communities throughout the state that might not otherwise create and finance the programs described in subdivision (1) of this section; and
(A) Decreasing the cost of providing funds to participating citizens and lowering the aggregate issuance and servicing costs of financing; and
(B) Making funds available to rural communities throughout the state that might not otherwise create and finance the programs described in subdivision (1) of this section; and
(3) The programs described in subdivision (1) of this section will further the public purpose of:(A) Creating jobs and stimulating the state's economy;(B) Generating significant economic development through the investment of the proceeds of financing in local communities, including without limitation increased sales tax revenue;(C) Protecting participating citizens from the financial impact of the rising cost of utilities and property insurance;(D) Providing the citizens of this state with informed choices and additional options for financing improvements that may not otherwise be available;(E) Increasing the value of the improved eligible property for participating citizens;(F) Improving the state's air quality and conserving natural resources, including water;(G) Attracting manufacturing facilities and related jobs to the state; and(H) Promoting energy independence and security for the state and the nation.
(A) Creating jobs and stimulating the state's economy;
(B) Generating significant economic development through the investment of the proceeds of financing in local communities, including without limitation increased sales tax revenue;
(C) Protecting participating citizens from the financial impact of the rising cost of utilities and property insurance;
(D) Providing the citizens of this state with informed choices and additional options for financing improvements that may not otherwise be available;
(E) Increasing the value of the improved eligible property for participating citizens;
(F) Improving the state's air quality and conserving natural resources, including water;
(G) Attracting manufacturing facilities and related jobs to the state; and
(H) Promoting energy independence and security for the state and the nation.