HB1155--PROPERTYASSESSMENTCLEANENERGYACT
SPONSOR: Owen
COMMITTEEACTION:Voted"DoPass"bytheStandingCommitteeon
WaysandMeansbyavoteof6to2.
ThisbillrevisesthePropertyAssessmentCleanEnergyActby
makingitinapplicabletoresidentialproperty. Thebillprovides
guidanceforanyresidentialpropertiesapprovedfortheprogram
betweenJanuary1,2022,andAugust28,2025.Thebillclarifies
thatacleanenergydevelopmentboardcanacquireloansor
assessmentcontractsfromotherstatesandtheirmunicipalities and
politicalsubdivisionstoserveacommonpurposeofproviding
financingsupportorcreditenhancementforanyproject. Thebill
alsochangesthemaximumfinancingdurationoncommercialproperty
assessmentcleanenergyloansfrom20yearsto30years.
ThisbillisthesameasHB153(2025)andHCSHB2756(2024)
PROPONENTS: SupporterssaythatthisbillrevivesPACE,andPACE
hasledtoover$1billioninconstructioncontracts. Theystate
thattherearenopublicdollarsinvolvedinPACE,itisall
private. Supportersalsosaythatover95%oftheprojectsare
energyefficientprojects,andreducetheoperationalcostsofthat
property,makingitattractivetobanks.Supportersfurthersay
thatoneofthebiggestproblemswiththeresidentialPACEprogram
wastherethattherewasfewconsumerprotectionsandverylittle
considerationforrepaymentoftheloanortherateoftheloans.
Supportssaythebilladdressesthis.
TestifyinginpersonforthebillwereRepresentative Owen;
MortgageBankersAssociationofMissouri;MissouriEnergy
Initiative;MissouriBankersAssociation;ArnieDienoff;Missouri
CleanEnergyDistrict.
OPPONENTS: Therewasnooppositionvoicedtothecommittee.
Writtentestimonyhasbeensubmittedforthisbill.Thefull
writtentestimonyandwitnessestestifyingonlinecanbefound
underTestimonyonthebillpageontheHousewebsite.