Change provisions relating to the Property Assessed Clean Energy Act

Nebraska's LB 1163 amends rules for Property Assessed Clean Energy (PACE) liens on properties. It changes how delinquent annual PACE assessments become liens: for single-family homes, liens are recorded immediately upon assessment (not when delinquent), while non-residential properties require recording after delinquency. The bill clarifies lien priority - PACE liens rank below prior mortgages for single-family homes but match tax lien status for other properties - and specifies that delinquent PACE assessments may be extinguished in foreclosure if sale proceeds are insufficient. This directly affects property owners with PACE financing, particularly those selling or facing foreclosure on qualifying energy-efficiency projects.