MS HB12

Establishes the Commercial Property Assessed Clean Energy and Resilience (C-PACER) Act allowing owners of agricultural, commercial, industrial, and multifamily residential properties (5+ units) to obtain long-term financing from private lenders for clean energy and resilience improvements

Authorizes local governments to voluntarily create C-PACER programs and impose special assessments on participating properties to repay financing for qualified projects including energy efficiency upgrades, renewable energy installations, water conservation measures, and storm/flood resilience improvements

Requires property owners to obtain written consent from all mortgage or deed of trust holders before entering a C-PACER assessment contract, and the assessment plus existing debt cannot exceed 90% of the property's fair market value

Creates a first-priority lien status for C-PACER assessments equal to property tax liens, with the lien running with the land and surviving property transfers; service fees capped at 1% of total financed amount up to $50,000

Prohibits use of public funds to repay C-PACER loans and excludes residential properties with 4 or fewer dwelling units from the program; effective July 1, 2026