MI HB6039

Expands the property assessed clean energy program to include environmental hazard projects (lead/PFAS mitigation, flood/drought mitigation, severe weather resistance, lead paint remediation) in addition to renewable energy and energy efficiency improvements.

Extends program eligibility to multifamily residential properties with 4 or more dwelling units and adds new construction energy projects that meet Michigan uniform energy code requirements.

Requires baseline energy audits or modeling before projects begin and post-completion verification; projects over $250,000 must include ongoing savings measurements and contractor guarantees of savings-to-investment ratios exceeding 1 (unless waived).

Allows local units of government to issue tax-exempt bonds or notes secured by assessment payments, reserves, municipal bond insurance, or other credit support to finance projects.

Maintains assessment collection through property tax bills with same priority as property tax liens; requires record owners to obtain mortgage holder consent and have no delinquent taxes, special assessments, or prior PACE assessments before participating.