California Streets and Highways Code

§ 5923

SHC § 5923 Effective Jan 1, 2018Div. 7 · Part 3 · Ch. 29.1

Statute text

(a)A program administrator shall not provide any direct or indirect cash payment or other thing of material value to a contractor or third party in excess of the actual price charged by that contractor or third party to the property owner for the sale and installation of one or more efficiency improvements financed by an assessment contract.

(b)A program administrator shall not reimburse a contractor or third party for expenses for advertising and marketing campaigns and collateral. A program administrator may reimburse a contractor’s bona fide and reasonable training expenses related to PACE financing, provided that:

(1)The training expenses are actually incurred by the contractor.

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Legislative history

Added by Stats. 2017, Ch. 484, Sec. 1. (SB 242) Effective January 1, 2018.