Bill > HB12

This bill establishes the Commercial Property Assessed Clean Energy and Resilience (C-PACER) Act, allowing local governments to voluntarily create programs that enable owners of agricultural, commercial, industrial, and multifamily properties to secure long-term financing from private lenders for clean energy and resilience improvements. These improvements can include energy and water efficiency upgrades, renewable energy installations, and measures to enhance resilience against natural disasters. Local governments can administer these C-PACER programs themselves or delegate the administration to a third party, and they can authorize financing through a voluntary special assessment placed on the property, which functions similarly to a property tax lien for repayment purposes. The bill defines key terms like "capital provider" (the entity funding the improvements), "commercial property" (including various types of privately and publicly leased properties), and "qualified improvement" (the specific types of upgrades eligible for financing), and outlines the process for establishing and operating a C-PACER program, including application and review procedures, and the terms of the financing agreements. Importantly, the act clarifies that local governments are not liable for the financing itself and that public funds are not used to directly fund these loans, with the goal of promoting economic development, reducing energy and water costs, and enhancing community resilience.

Justice

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0012.xml