§ 22003.5. — (Repealed and added by Stats. 2018, Ch. 837, Sec. 3.)

California § 22003.5.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 9.: DIVISION 9. CALIFORNIA FINANCING LAW
• Ch. 1.: CHAPTER 1. General Provisions
• Art. 1.: ARTICLE 1. Definitions

Text

“Assessment contract” means an agreement entered into between all property owners of record on real property and a public agency in which, for voluntary contractual assessments imposed on the real property, the public agency provides a PACE assessment for the installation of one or more efficiency improvements on the real property in accordance with a PACE program, specified in paragraph (2) of subdivision (a) of Section 5898.20 of the Streets and Highways Code, or Section 5899 or 5899.3 of the Streets and Highways Code, or a special tax described in Section 53328.1 of the Government Code.
This section shall become operative on January 1, 2029.

Legislative History

Repealed and added by Stats. 2018, Ch. 837, Sec. 3. (SB 465) Effective January 1, 2019. Section operative January 1, 2029, by its own provisions.