Energy (Local Government)

HB 163 allows Alabama counties and municipalities to partner with private companies to fund energy efficiency projects on properties. Property owners can voluntarily agree to pay for these projects through special assessments added to their property taxes, with local governments not guaranteeing repayment. The bill removes state oversight of these programs by repealing previous requirements about loss reserve funds and regulatory jurisdiction. It directly affects local governments, private financiers, and property owners who choose to participate in energy improvement programs.