DIVISION 14.5. Blue Ribbon Committee for the Rehabilitation of Clear Lake 22085-22092›CHAPTER 3. General Fund Revenue Loss 26042-26042.4›ARTICLE 1. General Provisions and Definitions 26050-26056
§ 26054
California Public Resources Code · 2026-09 edition · updated 2026-09-27 · California
“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.
(Added by Stats. 2012, Ch. 677, Sec. 33. (SB 1128) Effective January 1, 2013.)
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