Budget Amendment ID: FY2020-S3-871

ECO 871

Commercial Property Assessed Clean Energy - C-PACE Improvements

Mr. Tarr moved that the proposed new text be amended by inserting after section __ the following new section:-

“SECTION ___.

SECTION 16. Subsection (a) of section 3 of chapter 23M of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by inserting after the word “entity,” in line 4, the following words:- and to establish and administer a third-party financing program.

SECTION 17. Subsection (g) of said section 3 of said chapter 23M, as so appearing, is hereby amended by striking out, in lines 130 to 131,the words “and remedies”.

SECTION 18. Said subsection (g) of said section 3 chapter 23M, as so appearing, is hereby further amended by inserting after the sixth sentence the following sentence:- In the event a lien for property taxes of the municipality is foreclosed, the betterment assessment lien shall be extinguished solely with regard to any installments that were due and owing on the date of foreclosure of such tax lien, and the betterment assessment lien shall otherwise survive such foreclosure.

SECTION 19. Said subsection (g) of said section 3 of said chapter 23M, as so appearing, is hereby further amended by striking out, in line 141, the words “judgment of”.

SECTION 20. Said subsection (g) of said section 3 of said chapter 23M, as so appearing, is hereby further amended by striking out, in lines 143 to 144, the word “judgment,” and inserting in place thereof the following word:- foreclosure.

SECTION 21. Subsection (h) of said section 3 of said chapter 23M, as so appearing, is hereby amended by striking out, in lines 158 to 159, the words “and a suit on the debt,” and inserting in place thereof the following words:- in a manner consistent with the rights afforded a mortgagee under the provisions of section 21 of chapter 183, and an action of contract or any other appropriate action, suit or proceeding."