LOCAL GOVERNMENT: Authorizes parish governing authorities to create commercial property assessed capital expenditure and resilience programs (OR SEE FISC NOTE LF EX)

HB 62 allows Louisiana parishes to create "C-PACE" programs that let commercial property owners finance resilience and efficiency upgrades through property assessments. It directly affects parish governments (which can establish the programs), commercial property owners (including large residential buildings with 5+ units), and private capital providers. The bill enables financing for specific improvements like flood mitigation, energy efficiency systems, water conservation, and environmental remediation, with repayment tied to property ownership over up to 30 years. Parishes must approve programs via ordinance, set clear guidelines, and limit administrative fees to 1% of financing or $50,000. Property owners must be current on taxes and mortgages to qualify.