AK SB56

Establishes the Municipal Property Assessed Clean Energy Act allowing municipalities to create programs that impose assessments on private commercial and industrial property to finance energy efficiency improvements through contractual agreements with property owners.

Assessments may finance qualified energy projects including materials, labor, permits, fees, and engineering costs, but exclude undeveloped lots and non-permanent devices; financing can be provided by third parties or the municipality itself.

Requires municipalities to adopt resolutions of intent, hold public hearings, designate specific geographic regions, and obtain independent third-party verification of energy baseline conditions and project completion before implementing programs.

Assessments become liens on property that run with the land, are enforceable like property tax liens, and take priority over all liens except municipal tax liens and special assessments.

Municipalities may issue bonds or notes secured by contractual assessment payments, reserves, municipal bond insurance, or other available funds to finance qualified projects.