By: Steve Patterson
Executive Director, Arkansas Advanced Energy Association

With Arkansas Governor Mike Beebe’s signature on Monday, April 15, 2013, Senate Bill 640, the Property Assessed Clean Energy Act, became law to enable local option clean energy financing in the Natural State for the first time. The new law authorizes government entities to voluntarily form energy improvement districts with the power to issue tax-exempt bonds to fund low-interest, long-term loans to interested property owners for energy efficiency improvements, water conservation improvements and renewable energy projects.

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