Clean-energy plan gets JPs’ approval
The Pulaski County Quorum Court on Tuesday night approved establishing a Property Assessed Clean Energy program and board overseeing it.
Under the program, a business, for example, would apply for a loan and pay it back through an add-on to its property tax bill that would be funneled back to the improvement district. The business would be required to save more money through energy efficiency than the cost of the loan.
Funding for the loans can come from private funds, public funds or bonds, according to the Pulaski County attorney’s office. Read more.