California Public Resources Code ARTICLE 2 - PACE Reserve Program

• Section 26060.
  (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...
• Section 26061.
  To qualify for assistance pursuant to this chapter, the PACE program shall require all of the following:(a) The interest rate on the PACE bond does not...
• Section 26062.
  An applicant shall submit to the authority an application providing a detailed description of the PACE program, a detailed description of the transactional activities associated...
• Section 26063.
  (a) In evaluating eligibility, the authority shall consider whether the applicant’s PACE program includes the following conditions:(1) Financing recipients are legal owners of underlying property.(2) Financing recipients are...
• Section 26064.
  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,...

Last modified: October 22, 2018