California Financial Code

§ 22018

FIN § 22018 Effective Jan 1, 2019Div. 9 · Ch. 1 · Art. 1

Statute text

(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.

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Legislative history

Amended by Stats. 2018, Ch. 813, Sec. 2. (AB 2063) Effective January 1, 2019.