2016 California Code
Public Resources Code - PRC
DIVISION 16 - CALIFORNIA ALTERNATIVE ENERGY AND ADVANCED TRANSPORTATION FINANCING AUTHORITY ACT
CHAPTER 4 - Property Assessed Clean Energy (PACE) and Clean Energy Financing Program
ARTICLE 1 - General Provisions and Definitions
Section 26054.
26054. 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.
(Added by Stats. 2012, Ch. 677, Sec. 33. Effective January 1, 2013.)
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