§ 26054. — 26054. (Added by Stats. 2012, Ch. 677, Sec. 33.)

California § 26054.

• Jurisdiction: California
• Code PRC: Public Resources Code - PRC
• Div. 16.: DIVISION 16. CALIFORNIA ALTERNATIVE ENERGY AND ADVANCED TRANSPORTATION FINANCING AUTHORITY ACT
• Ch. 4.: CHAPTER 4. Property Assessed Clean Energy (PACE) and Clean Energy Financing Program
• Art. 1.: ARTICLE 1. General Provisions and Definitions

Text

“Property Assessed Clean Energy bond” or “PACE bond” means a bond that is secured by any of the following:
(a)
A voluntary contractual assessment on property authorized pursuant to paragraph (2) of subdivision (a) of Section 5898.20 of the Streets and Highways Code.
(b)
A voluntary contractual assessment or a voluntary special tax on property to finance the installation of distributed generation renewable energy sources, electric vehicle charging infrastructure, or energy or water efficiency improvements that is
levied pursuant to a chartered city’s constitutional authority under Section 5 of Article XI of the California Constitution.
(c)
A special tax on property authorized pursuant to subdivision (b) of Section 53328.1 of the Government Code.

Legislative History

Added by Stats. 2012, Ch. 677, Sec. 33. (SB 1128) Effective January 1, 2013.