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PACE Bill Due in Baltimore City

Green Building Law Update

The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. Maryland is typical.

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Feature Story: Public-Private Partnerships – An Alliance For Progress That Works

Business Facilities

From the July/August 2014 issue. Its most recent high-profile initiative is the December 2013 announcement by cyber-security firm Prolexic Technologies that it will move its global headquarters and round-the-clock security operations to Fort Lauderdale. By Jenny Vickers. Photo: James Cavanaugh).

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Texas Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

A company can secure loans with property, plant and equipment which can be amortized over the life of the asset. Business Relocation Tax Deduction & Exemption: Effective January 1, 2014 House Bill 500 provides authorization for a company to deduct moving expenses from its apportioned margin while calculating its franchise liability.

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PACE Programs are Stepping Up the Pace

Green Building Law Update

In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. There were not similar concerns expressed about commercial loans. Commercial PACE programs are still very new.

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PACE in Maryland is Not Keeping Pace

Green Building Law Update

But today, despite Maryland having enacted a PACE enabling law in 2014, only one PACE loan has closed in the State. In 2008 I said Property Assessed Clean Energy (PACE) loans “ could be bigger than anything in U.S. real estate since the invention of the glass window.”. By any measure, one is not an overwhelming success. So, what is wrong?

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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

Buisness Facilities Contributed Content

The company plans to open its facility in January 2014. This is especially true with the sites that are owned by local government units as they have generally completed the environmental review which then ends environmental liability for future users and property owners. Applications for that round of certification will open in Jan.

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State by State Incentives Guide

Buisness Facilities Contributed Content

ALABAMA - updated for 2014. The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability.

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