Mich. Comp. Laws § 460.931
Short title.
This act shall be known and may be cited as the "property assessed clean energy act".
Michigan Compiled Laws — PROPERTY ASSESSED CLEAN ENERGY ACT (Act 270 of 2010)
Michigan · statute · 270 of 2010, Mich. Comp. Laws · 10 active provisions
Mich. Comp. Laws § 460.933
Definitions.
As used in this act: (a) "Anaerobic digester" means a facility that uses microorganisms to break down biodegradable material in the absence of oxygen, producing methane and an organic product. (b) "Anaerobic digester energy system" means an anaerobic digester and the devices used to generate electricity or heat from me…
Mich. Comp. Laws § 460.935
Property assessed clean energy program; establishment by local unit of government; contract with record owner of property; financing.
(1) Pursuant to section 7, a local unit of government may establish a property assessed clean energy program and may create a district or districts under the program. (2) Under a property assessed clean energy program, the local unit of government may enter into a contract with the record owner of property within a dis…
Mich. Comp. Laws § 460.937
Establishment; actions to be taken by governing body; amendment by resolution.
(1) To establish a property assessed clean energy program, a governing body shall take the following actions in the following order: (a) Adopt a resolution of intent that includes all of the following: (i) A finding that the financing of projects is a valid public purpose. (ii) A statement of intent to provide funds fo…
Mich. Comp. Laws § 460.939
Report; contents; availability.
(1) The report on the proposed property assessed clean energy program required under section 7 shall include all of the following: (a) A form of contract between the local unit of government and the record owner governing the terms and conditions of financing and assessment under the program. (b) Identification of an o…
Mich. Comp. Laws § 460.941
Imposition of assessment; written contract; verification.
(1) A local unit of government may impose an assessment under a property assessed clean energy program only pursuant to a written contract entered into under section 5(2) with the record owner of the property to be assessed. (2) Before entering into a contract with the record owner under section 5(2), the local unit of…
Mich. Comp. Laws § 460.943
Assessment as lien against property; installments to be included in summer and winter tax bill.
(1) An assessment imposed under a property assessed clean energy program, including any interest on the assessment and any penalty, constitute a lien against the property on which the assessment is imposed until the assessment, including any interest or penalty, is paid in full. The lien runs with the property and has…
Mich. Comp. Laws § 460.945
Bonds or notes; issuance.
(1) A local unit of government may issue bonds or notes to finance projects under a property assessed clean energy program. (2) Bonds or notes issued under subsection (1) shall not be general obligations of the local unit of government, but shall be secured by 1 or more of the following as provided by the governing bod…
Mich. Comp. Laws § 460.947
Self-directed energy waste reduction plan.
A commercial or industrial electric customer that installs or modifies an electric energy efficiency improvement under a property assessed clean energy program is exempt from the energy optimization charges the customer would otherwise incur under section 89 or 91 of the clean and renewable energy and energy waste redu…
Mich. Comp. Laws § 460.949
Property assessed clean energy program; joint implementation.
(1) A local unit of government may join with any other local unit of government, or with any person, or with any number or combination thereof, by contract or otherwise as may be permitted by law, for the implementation of a property assessed clean energy program, in whole or in part. (2) If a property assessed clean e…