California Statutes
§ 26064. — 26064. (Added by Stats. 2012, Ch. 677, Sec. 33.)
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. 2. ARTICLE 2. PACE Reserve Program
The authority shall review the applicant’s PACE bond issuance, including, but not limited to, indenture, trust agreement, and fiscal agent agreement (“the bond documents”) and, when the authority is satisfied that the bond documents are consistent with the requirements of the PACE Reserve program established pursuant to this chapter, the authority shall advance to the applicant or the applicant’s bond trustee, at the closing of the applicant’s PACE bonds, the amount made available from the Renewable Resource Trust Fund and approved by the authority for use in the PACE bond’s reserve fund under the bond documents. Prior to the disbursement of moneys pursuant to this section into a reserve fund, the authority shall enter into an agreement with the
applicant regarding the creation and
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California § 26064. (26064. (Added by Stats. 2012, Ch. 677, Sec. 33.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2012, Ch. 677, Sec. 33. (SB 1128) Effective January 1, 2013.