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Published byΠοσειδώνιος Κορωναίος Modified over 6 years ago
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2016 PACENation Summit Accounting Treatment Presentation by
David A. Rogers President, FBT Project Finance Advisors LLC Member, Frost Brown Todd LLC 1
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I. PACE Financing Options A
I. PACE Financing Options A. Special Assessment secures bond issued by political subdivision or special authority B. Special Assessment secures direct loan; with or without a promissory note C. Special Assessment reimburses asset owner II. Nature of Energy Asset A. Owned by property Owner B. Owned by ESC C. Owned by assessing jurisdiction
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III. Financials Reflect Reality
A. Asset owner should book an asset? B. Who owes assessment – treat the same as any annual tax? C. If no promissory note or similar agreement; is there a long-term obligation? IV. Tax-Exempt Bonds A. Not available for most privately owned Energy Assets – exceptions for “exempt facilities” B. Available for 501(c)(3)’s and true governmental owners (i) Need bond issuer (ii) Need authority to assess normally exempt real property
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Questions and Contact David A. Rogers
President, FBT Project Finance Advisors LLC Member, Frost Brown Todd LLC – Office – Cell
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