Maddy summaryHB 1155 establishes a Property Assessed Clean Energy (PACE) program for commercial properties in Missouri, allowing property owners to finance energy efficiency upgrades (like insulation, solar panels, or efficient lighting) and renewable energy installations (such as solar or wind systems) through special property tax assessments. The bill creates local "clean energy development boards" that can collect annual assessments over up to 30 years as a lien on the property, excluding residential properties entirely. These boards, formed by municipalities, must report annual details on financed projects and assessments to local governments and the state. The program aims to streamline financing for commercial energy improvements while requiring compliance with local zoning and building regulations.
Rep. Bill Owen
Sponsored bills
Maddy summaryThis is a state resolution from the Missouri House of Representatives that requests the Federal Deposit Insurance Corporation to take specific actions to help establish new banks in Missouri. The bill asks the FDIC to lower the initial capital requirements for new banks based on the local county's economic output and to shorten the strict regulatory compliance period for the first five years of operation. These measures aim to address the loss of over ninety community banks in the state since 2008 and help prevent the creation of banking deserts in rural areas. Because this is a request rather than a law passed by the federal government, it does not directly change federal regulations but serves as a formal appeal to federal banking authorities.