Home/California/Statutes/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. 2.: ARTICLE 2. PACE Reserve Program/§ 26060.
California Statutes

§ 26060. — 26060. (Amended by Stats. 2014, Ch. 614, Sec. 4.)

California § 26060.
JurisdictionCalifornia
Code PRCPublic 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. 2.ARTICLE 2. PACE Reserve Program

This text of California § 26060. (26060. (Amended by Stats. 2014, Ch. 614, Sec. 4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Public Resources Code - PRC Code § 26060. (2026).

Text

(a)The authority shall develop and administer a PACE Reserve program to reduce overall costs to the property owners of PACE bonds issued by an applicant by providing a reserve of no more than 10 percent of the initial principal amount of the PACE bond.
(b)The authority shall develop and administer a PACE risk mitigation program for PACE financing to increase its acceptance in the marketplace and protect against the risk of default and foreclosure.

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Legislative History

Amended by Stats. 2014, Ch. 614, Sec. 4. (AB 2597) Effective January 1, 2015.
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California § 26060., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PRC/26060..