MO HB2298

Establishes the "Property Assessment Clean Energy Act" allowing one or more municipalities to form clean energy development boards to finance energy efficiency and renewable energy improvements on public or private property.

Clean energy development boards can enter into assessment contracts with property owners for up to 20 years, with property owners paying annual special assessments that are collected by county collectors like ad valorem property taxes and recorded as liens on the property.

Authorizes clean energy development boards to establish property assessed clean energy programs and clean energy conduit financing, issue bonds payable from special assessment revenues, and collect fees for administration and services.

Requires the State Environmental Improvement and Energy Resources Authority to establish a "Property Assessed Clean Energy Local Finance Fund" to loan funds to clean energy development boards for establishing and operating PACE programs.

All projects must comply with applicable municipality ordinances and regulations, and boards must find that estimated economic benefits from projects equal or exceed project costs before entering into assessment contracts.