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Massachusetts plans to amend its PACE legislation

Fred Hanson

The Patriot Ledger

Posted Feb. 24, 2014 @ 9:39 pm

Updated Updated at 9:41 PM

BOSTON – A proposal that aims to create both clean energy and jobs was the subject of a panel discussion Monday morning.

The forum, at the Fort Point Room on Atlantic Wharf, was sponsored by state Sen. Brian A. Joyce to build support for a bill that would revise the state’s Property Assessed Clean Energy Program. The program was part of an economic development package approved four years ago.

“There is extraordinary support for this bill,” Joyce said. “We have an opportunity to improve our environment and improve our economy at no cost to the taxpayers.”

Under the bill, which Joyce said is the result of two years of work, MassDevelopment would provide low-interest loans to the owners of commercial and industrial properties who carry out major energy-efficiency or renewable-energy projects. The owners agree to place betterment liens on their property, which they pay like property taxes. Read more.