§ 26054
113 words·~1 min read·
/ca/public-resources-code/26054A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“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.