ARTICLE · 08 JUNE 2010

Future Energy - PACE Legislation in Missouri

Armstrong Teasdale LLP

On Tuesday, April 6, a Missouri Senate committee passed an energy efficiency bill. This bill has also been voted out of the House.

United StatesEnergy and Natural Resources

Robert Reeser

Cary Levitt

Roger Walker

The Missouri General Assembly passed the PACE (Property Assessed Clean Energy) bill that would allow municipalities to opt into a program that finances the costs of renewable energy and energy efficiency renovations for homes and businesses. Missouri organizations including energy-efficiency professionals, environmental advocates, community bankers and realtors garnered support for PACE, which was passed in the final hours of the legislative session.

The PACE program enables local governments and community improvement districts to finance energy efficiency and renewable energy projects through the issuance of bonds or by structuring other sources of capital. Municipalities are familiar with these types of special taxing districts in the form of neighborhood improvement districts.

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Future Energy - PACE Legislation in Missouri

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