Cal. Fin. Code § 22018

Definitions

Redline — January 1, 2017 → current.View current text →

Current — January 1, 2019

As of January 1, 2017

“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.

(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.

~~(a)~~ 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. (2) The person does not administer a PACE program that provides financing for the installation of efficiency improvements on real property with a market value of less than one million dollars ($1,000,000).

(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. (2) The person does not administer a PACE program that provides financing for the installation of efficiency improvements on real property with a market value of less than one million dollars ($1,000,000).

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.