CFO Sink Statement in Support of Property Assessed Clean Energy (PACE)
FOR IMMEDIATE RELEASE: March 26, 2010
CONTACT: Kevin Cate, 850-413-2842
TALLAHASSEE - Florida CFO Alex Sink today issued the following statement urging the Florida Legislature to pass Property Assessed Clean Energy (PACE) legislation. Utilizing local government bonding capacity, this innovative approach lends money to residential and commercial property owners who are seeking financing for more efficient, clean-energy property retrofits and wind-resistant improvements.
“This problem-solving legislation will allow businesses and homeowners to increase energy efficiency and decrease energy dependence,” said CFO Sink. “Most importantly, we can spur economic growth and create homegrown private sector jobs in the emerging clean energy marketplace. Florida should be a world leader in solar technology, and this will help us begin laying that foundation.”
As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services. A successful business leader with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO. CFO Sink's priorities include using her business experience to cut wasteful spending, holding government accountable to Florida’s taxpayers, and cracking down on financial and insurance fraud.