SB220 Summary

• Authorizes counties, municipalities, and improvement districts to establish programs financing energy efficiency and storm-resilience improvements on real property through non-ad valorem assessments collected on property tax bills.

• Defines qualifying improvements including wind-resistant upgrades, energy conservation measures (insulation, HVAC systems, electric vehicle charging), and flood mitigation (structure elevation, flood diversion systems).

• Requires local governments to designate regions, adopt resolutions, hold public hearings, and establish program terms; assessments capped at 20 percent of property value unless supported by energy or flood audit demonstrating savings exceed repayment costs.

• Creates assessment liens recorded in probate court with priority equal to ad valorem taxes; assessments may be enforced like tax liens with delinquent interest and penalties, and mortgagees must subordinate existing liens to assessment liens.

• Mandates Governor appoint state agency to adopt rules within 12 months; authorizes local government hiring of program administrators and imposition of application fees to offset administrative costs; participation is voluntary for property owners.