§ 8-15-102 — Definitions

As used in this chapter: (1) (A) "Bond" means a revenue bond or note issued under this chapter. (B) "Bond" includes any other financial obligation authorized by this chapter, the laws of this state, or the Arkansas Constitution; (2) "District" means a property assessed energy improvement district established in this state by law for the express purpose of managing the PACE program; (3) "Governmental entity" means a municipality, county, combination of cities or counties or both, or statewide district; (4) "Owner" means an individual, partnership, association, corporation, or other legal entity that is recognized by law and has title or interest in any real property; (5) "PACE program" means a property assessed clean energy program under which a real property owner can finance an energy efficiency improvement, a renewable energy project, and a water conservation improvement on the real property; and (6) "Person" means an individual, partnership, association, corporation, or other legal entity recognized by law as having the power to contract.

Legislative History

Added by Act 2013, No. 1074,§ 1, eff. 8/16/2013.