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RSA 53-F:4 · Agreements With Property Owners

Title
III: TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES
Chapter
53-F · ENERGY EFFICIENCY AND CLEAN ENERGY DISTRICTS
Status
current
Official source linked
Yes
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53-F:4 Agreements With Property Owners. –

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I.

(a) A municipality may make an assessment under this chapter only pursuant to an agreement entered into with the free and willing consent of the owner of an eligible property to which the assessment applies. In the case of any eligible property with multiple owners, an agreement under this chapter shall be signed by all owners or the owner or owners designated by appropriate documentation to sign on behalf of the property.

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(b)

The agreement shall stipulate that all funding for the qualifying improvements shall be made by private lenders pursuant to a separate financing agreement between the lender and the property owner, and that the financing is secured by a special assessment lien on the eligible property. The agreement shall include a payment schedule showing the term over which payments will be due on the assessment, the frequency with which payments will be billed and the amount of each payment, and the annual amount due on the assessment. The obligations of the agreement and lien will run with the eligible property. If the property is sold, the new owner shall automatically assume the obligations of the agreement, note, and subject to the special assessment lien and shall be subject to all liability related to such obligations. Upon full payment of the amount of the special assessment lien, including all outstanding interest and charges and any penalties that may become due, the municipality shall provide the then participating property owner with a written statement certifying that the special assessment lien has been paid in full and shall record a discharge of the lien from the private lender.

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II.

The assessment agreement shall disclose to the owners of eligible property participating in the program the risks associated with their participation, including risks related to their failure to make payments and the risk of enforcement by power of sale under RSA 479.

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III.

The municipality shall execute a notice of the assessment and lien, and an assignment of notice of assessment and lien under this chapter for recording in the county registry of deeds. The notice shall consist of the following statement or its substantial equivalent: "This property is subject to a special assessment related to the installation of qualifying under RSA 53-F."

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IV.

Any personal or business financial information provided to a municipality or an entity administering a program under this chapter on behalf of a municipality by a participating property owner or potential participating property owner shall be considered confidential, commercial, or financial information under RSA 91-A:5. Source. 2010, 215:2. 2011, 68:5, eff. July 15, 2011. 2014, 294:3, eff. Sept. 30, 2014. 2015, 121:3, eff. June 8, 2015. 2025, 1:4, eff. March 10, 2025.

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Source note

Source. 2010, 215:2. 2011, 68:5, eff. July 15, 2011. 2014, 294:3, eff. Sept. 30, 2014. 2015, 121:3, eff. June 8, 2015. 2025, 1:4, eff. March 10, 2025.

Source history

  • 2010, 215:2
  • 2011, 68:5, eff. July 15, 2011
  • 2014, 294:3, eff. Sept. 30, 2014
  • 2015, 121:3, eff. June 8, 2015
  • 2025, 1:4, eff. March 10, 2025

Related materials

Bill relationships

  • 2026 HB1285 amend · effective 2026-10-15

    Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subdivision; Energy Efficient and Clean Energy Districts; R-Pacer Commission. Amend RSA 53-F by inserting after section 8 the following new subdivision: Energy Efficient and Clean Energy Districts; R-Pacer Commission 53-F:9 R-Pacer Commission. I. There is established a commission to study if New Hampsh

  • 2026 HB595 amend

    l implemented according to the most recent U.S. Department of Energy (DOE) released best practice guidelines for PACE financing programs. 5 Agreement With Property Owner. Amend RSA 53-F:4, I(b) to read as follows: (b) An agreement with an owner of eligible property shall provide that the owner shall contract for qualifying improvements with one or more qualified contractors, purchase materials to be us

  • 2026 HB595-FN amend

    l implemented according to the most recent U.S. Department of Energy (DOE) released best practice guidelines for PACE financing programs. 5 Agreement With Property Owner. Amend RSA 53-F:4, I(b) to read as follows: (b) An agreement with an owner of eligible property shall provide that the owner shall contract for qualifying improvements with one or more qualified contractors, purchase materials to be us

  • 2026 SB440 reference

    l consist of the following statement or its substantial equivalent: "This property is subject to a special assessment related to the installation of qualifying improvements under RSA 53-F." 4 Effective Date. This act shall take effect upon its passage. HELPFUL LINKS Redistricting Information Ethics Committee Statutory/Study Committees Voting Records Past Member Legislation Driving Directions IT He

  • 2026 SB440 amend

    ed legal obligations created prior to the vote of the municipality or village district to dissolve a district shall remain in effect. 3 Agreements with Property Owners. Amend RSA 53-F:4, III to read as follows: III. The municipality shall execute a notice of the assessment and lien, and an assignment of notice of assessment and lien under this chapter for recording in the county registry of deeds. T

  • 2026 SB590 add

    cing of energy conservation and efficiency and clean energy improvements by participating property owners in an energy efficiency and clean energy district established pursuant to RSA 53-F; [or] (g) Facilitating transactions relative to municipal group net metering[.]; or 3 Effective Date. This act shall take effect 60 days after its passage. LBA 26-2167 02/03/2026 SB 590-FN- FISCAL NOTE A

  • 2026 SB590-FN add

    cing of energy conservation and efficiency and clean energy improvements by participating property owners in an energy efficiency and clean energy district established pursuant to RSA 53-F; [or] (g) Facilitating transactions relative to municipal group net metering[.]; or 3 Effective Date. This act shall take effect 60 days after its passage. LBA 26-2167 02/03/2026 SB 590-FN- FISCAL NOTE A