35-A §10204. Consumer underwriting and disclosure
§10204. Consumer underwriting and disclosure 1. Underwriting. A commercial PACE agreement entered into pursuant to a commercial PACE program must comply with underwriting requirements established by rule by the trust. Underwriting requirements established by the trust must, at a minimum: A. Provide that the term of the commercial PACE agreement not exceed the estimated […]
35-A §10205. Commercial PACE assessments; collection; priority
§10205. Commercial PACE assessments; collection; priority 1. Collection of assessments. A commercial PACE assessment constitutes a lien on the qualifying property until it is paid in full and must be assessed and collected by the trust, a 3rd-party administrator contracted by the trust, a municipality or an agent designated by the trust or a municipality […]
35-A §10206. Commercial property owners
§10206. Commercial property owners 1. Purchase of goods and services. A commercial property owner who has entered into a commercial PACE agreement under this chapter may purchase directly all goods and services for the energy savings improvements described in the commercial PACE agreement, subject to any applicable vendor certification required by the trust and other […]
35-A §10153. Definitions
§10153. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2009, c. 591, §1 (NEW).] 1. Energy savings improvement. “Energy savings improvement” means an improvement to qualifying property that, as determined by the trust, is new and permanently affixed to qualifying property and that: […]
35-A §10207. Annual report
§10207. Annual report The trust shall report annually on the implementation of this chapter as part of the report required under section 10104, subsection 5. [PL 2021, c. 142, §1 (NEW).] SECTION HISTORY PL 2021, c. 142, §1 (NEW).
35-A §10154. PACE programs
§10154. PACE programs 1. Establishment; funding. The trust or a municipality that has adopted a PACE ordinance may establish a PACE program funded by funds awarded to the State under the federal Energy Efficiency and Conservation Block Grant Program or by any other funds available for this purpose. Notwithstanding any other provision of law, after […]
35-A §10208. Rulemaking
§10208. Rulemaking Rules adopted under this chapter are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A. [PL 2021, c. 142, §1 (NEW).] SECTION HISTORY PL 2021, c. 142, §1 (NEW).
35-A §10155. Consumer underwriting and disclosure
§10155. Consumer underwriting and disclosure 1. Underwriting. A PACE agreement entered into pursuant to a PACE program must comply with underwriting requirements established by rule by the trust. In adopting such rules, the trust shall seek advice from the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection and consumer credit industry stakeholders. […]
35-A §10209. Construction; home rule
§10209. Construction; home rule Nothing in this chapter may be construed to limit the home rule authority of a municipality. [PL 2021, c. 142, §1 (NEW).] SECTION HISTORY PL 2021, c. 142, §1 (NEW).
35-A §10156. PACE mortgages; collection of PACE assessments; priority
§10156. PACE mortgages; collection of PACE assessments; priority 1. Collection of assessments. PACE assessments do not constitute a tax but may be assessed and collected by the trust, a municipality or an agent designated by the trust or a municipality in any manner allowed under the PACE program, consistent with applicable laws. [PL 2009, […]