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OH HB676
Bill
Status
12/1/2014
Primary Sponsor
Margaret Conditt
Click for details
AI Summary
HB 676 Summary
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Establishes two new types of energy special improvement districts: one created by property owners (sections 1710.20-1710.28) and one created by port authorities (sections 1710.30-1710.37), both for developing special energy improvement projects on nonresidential property.
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Expands the definition of "special energy improvement project" to include waste heat recovery, hydroelectric, water efficiency, combined heat and power (CHP), fuel source conversion, and biodigestor projects in addition to existing renewable energy categories.
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Allows energy special improvement districts to have noncontiguous territories (unlike standard special improvement districts which must be contiguous) and requires 100% property owner consent for district creation.
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Permits districts to levy special assessments for up to 30 years and allows property owners to aggregate renewable energy credits from multiple projects within a district for sale purposes.
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Authorizes port authorities to create and govern energy special improvement districts in addition to their existing powers, with districts governed either by the port authority's board or by a nonprofit corporation.
Legislative Description
To authorize port authorities to create energy special improvement districts for the purpose of developing and implementing plans for special energy improvement projects and to alter the law governing such districts that are governed by a nonprofit corporation.
Port authorities-energy special improvement districts/nonprofit corp gov't-alter law
Last Action
To Economic Development and Regulatory Reform
12/1/2014