This bill amends section 13-3206 of the Reissue Revised Statutes of Nebraska, which pertains to the Property Assessed Clean Energy (PACE) Act. The key changes include provisions for handling delinquent annual assessments and PACE liens for both qualifying properties that are single-family residential and those that are not. Specifically, the bill stipulates that municipalities must record a notice of lien within fourteen days of an annual assessment becoming delinquent, or upon receiving notice from a third-party lender if applicable. Additionally, the bill clarifies that the PACE lien will be treated similarly to special assessments and will follow the same collection processes as real estate taxes.

Furthermore, the bill outlines the priority of PACE liens in relation to other liens on the property, particularly emphasizing that for single-family residential properties, the PACE lien will be subordinate to prior recorded liens but will have priority over subsequent liens. It also establishes that upon the transfer of ownership, nondelinquent annual assessments will remain as a lien on the property. The original section 13-3206 is repealed, and the act is declared to take effect immediately due to the existence of an emergency.

Statutes affected:
Introduced: 13-3206