California Public Resources Code

§ 26061

PRC § 26061 Effective Jan 1, 2015Div. 16 · Ch. 4 · Art. 2

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 exceed a percentage as determined by the authority to be appropriate.

(b)Minimum legal financing structure and credit underwriting criteria as determined by the authority are met.

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Legislative history

Amended by Stats. 2014, Ch. 614, Sec. 5. (AB 2597) Effective January 1, 2015.