California · Public Resources Code - PRC
PRC §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 su
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“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.
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