California · Financial Code
FIN §22018: (a) “Program administrator” means a person administering a PACE program on behalf of, and with the written consent of, a public agency.
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(a) “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. (b) 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).
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