Property Insurance and Energy Reduction Act; allow financing of projects through private funding

Summary

The bill authorizes counties and municipalities to arrange private financing for qualified energy‑efficiency or property‑insurance reduction projects. Property owners can voluntarily agree to a local assessment that creates a lien to repay the private lender, but the local government does not guarantee repayment. It updates the code, adds new definitions and procedures, and removes previous state‑run reserve fund provisions.

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