Statute · California Public Resources Code

Cal. Pub. Res. Code § 26054 — General Provisions and Definitions

Cal. Pub. Res. Code § 26054

Type: Statute
Source: California Public Resources Code
Jurisdiction: California
Date: 2013-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

“Property Assessed Clean Energy bond” or “PACE bond” means a bond that is secured by any of the following:

Citator

Cal. Pub. Res. Code § 26054 — General Provisions and Definitions is in force in the current edition of the Code, and nothing recorded condemns it.

“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.