HB 595 (2025)
Expand programs to fund flood resiliency and analyze flood risk mitigation efforts
Summary:
First, this bill adds flood resiliency improvements to the list of qualifying improvements under commercial property assessed clean energy (C-PACE) and residential property assessed clean energy (R-PACE) funding. The bill also enables municipalities to offer property owners who engage in flood resilience projects a property tax break or tax assessment freeze for a limited time. Third, it enables municipalities to assess a fee on properties in a flood resilience zone to be deposited into a non-lapsing flood resilience investment fund. Lastly, it makes an appropriation to the Department of Business and Economic Development to fund a statewide analysis of the costs and benefits of flood risk and flood risk mitigation efforts.
Status:
Public Hearing Date:
02/05/2025 11:00 am
Public Hearing Location:
LOB Room 305
Want hearing dates, vote records or the full bill text? See more on the Statehouse website
https://gencourt.state.nh.us/bill_status/billinfo.aspx?id=833&inflect=2
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