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PACE Bill Due in Baltimore City

Green Building Law Update

PACE loan programs, where payments for energy efficiency, water conservation and renewable energy improvements to real estate are made through a building owner’s property tax bill are gaining acceptance nationally including being implemented across Maryland. Commercial PACE programs are still very new. Maryland is typical.

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COVID 19 Commercial Building Liability

Green Building Law Update

With all 50 states now in some stage of reopening from coronavirus pandemic closures, many commercial real estate owners are questioning if they can be liable for damages when someone, whether an employee of the business tenant or someone else, claims to have contracted COVID-19 at their building.

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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. million existing commercial buildings in the U.S. I was asked recently to recommend how PACE in Maryland could be improved. What follows is my top 10 list actions to make PACE a success in Maryland.

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PACE Programs are Stepping Up the Pace

Green Building Law Update

Property assessed clean energy (PACE) programs, where payments for energy efficiency, water conservation and renewable energy improvements to commercial real estate are made through a building owner’s property tax bill are beginning to hit their stride. There were not similar concerns expressed about commercial loans.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Alabama Economic Development Loan Program: The state has more than 2,300 commercial lending sources with assets of over $61.3 The tax base is the taxpayer’s net worth apportioned to Alabama.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. ALABAMA ECONOMIC DEVELOPMENT LOAN PROGRAM: The state has more than 2,300 commercial lending sources with assets of over $61.3

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COVID-19 Liability for Building Owners

Green Building Law Update

Over time coronavirus pandemic exposure claims may result in a new emergent subset of premises liability case law and in a number of jurisdictions new statutes are already limiting liability, but in most instances it is presumed the longstanding body of premises liability law will control. With Covid-19 spreading across the U.S.

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