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PACE in Minnesota: St. Paul Port Authority can now issue bonds to finance PACE projects

The St. Paul City Council on Wednesday gave the green light to the authority to issue the bonds, which will finance loans to cities throughout the state for projects to boost efficiency or install renewable energy systems.

The program, called PACE — short for “property assessed clean energy” — allows property owners making improvements to repay the public funding they get through an assessment on their property tax bill. Read more.