“Program administrator” means a person administering a PACE program on behalf of, and with the written consent of, a public agency. “Program administrator” does not include a public agency.
(a) For purposes of this division, “program administrator” does not include a person who meets both of the following conditions:
(1) The person does not administer a PACE program that provides financing for the installation of efficiency improvements on residential property with four or fewer units.
(2) The person does not administer a PACE program that provides financing for the installation of efficiency improvements on real property with a market value of less than one million dollars ($1,000,000).
(Added by Stats. 2017, Ch. 475, Sec. 15. (AB 1284) Effective October 4, 2017.)
Last modified: October 25, 2018