An Act authorizing the establishment of a betterment loan program for the funding of electrification initiatives in the town of Brookline

This bill authorizes the town of Brookline to create a loan program that helps homeowners pay for electrification projects, such as installing solar panels or replacing fossil-fuel heating systems with electric ones. Under the program, the town can offer low-interest loans to qualifying residents and allow property owners to pay for these upgrades through a special assessment recorded against their property. The town may fund these loans through municipal debt or appropriations, with the total borrowing capped at a 20-year term that is excluded from standard town borrowing limits. Once the program is established, the select board will set specific rules, and the town retains the final say on whether to approve or deny individual loan applications without court review.