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California Code, Financial Code - FIN § 22018

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

(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).

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Cite this article: FindLaw.com - California Code, Financial Code - FIN § 22018 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-22018/

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