Green Building Law Update

JUNE 25, 2017

In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder acknowledgment of a PACE loan is required.

Maryland 136

Maryland Lien Finance Cash Flow 136

Green Building Law Update

JANUARY 24, 2016

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.

Lien 120

Lien Finance Commercial DC 120

Green Building Law Update

SEPTEMBER 11, 2016

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.

Baltimore 120

Baltimore Maryland Finance Residential 120

Contractor Bookkeeping

AUGUST 16, 2013

Assets - Liabilities) = Equity. -. Chart of Accounts Bad Debts. Chart of Accounts Bad Debts. Chart of Accounts Insurance Liability. Chart of Accounts Leases. Chart of Accounts Insurance Liability. Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Leases. Cash On Hand.

Work in Progress 60

Work in Progress Accounting Construction Leases 60

Contractor Bookkeeping

DECEMBER 3, 2013

Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Bad Debts. Chart of Accounts Leases. Chart of Accounts Triple Net Leasing Costs. Chart of Accounts Insurance Liability. Security Deposits Tracking. Tool Lease Tracking. Vehicle Lease Tracking. Equipment Lease Tracking.

Accounting 48

Accounting Washington Leases Insurance 48

Buisness Facilities Contributed Content

MARCH 9, 2016

Loan terms are determined by the economic benefit to the state and the financial capacity of the business to service the debt. Through this program, qualified businesses can obtain capital in the form of debt or equity financing. The applicant must contribute at least three times the requested loan or loan guarantee.

Wyoming 40

Wyoming Finance Debt Equipment 40

Contractor Bookkeeping

AUGUST 27, 2014

Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Bad Debts. Chart of Accounts Leases. Chart of Accounts Triple Net Leasing Costs. Chart of Accounts Insurance Liability. Security Deposits Tracking. Tool Lease Tracking. Vehicle Lease Tracking. Equipment Lease Tracking.

Contractors 89

Contractors Accounting Work in Progress Profitability 89