§10201. Declaration of public purpose It is declared that the establishment and implementation of commercial property assessed clean energy, or commercial PACE, programs to finance energy savings improvements are public purposes. [PL 2021, c. 142, §1 (NEW).] SECTION HISTORY PL 2021, c. 142, §1 (NEW).
§10202. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2021, c. 142, §1 (NEW).] 1. Commercial PACE. “Commercial PACE” means commercial property assessed clean energy. [PL 2021, c. 142, §1 (NEW).] 2. Commercial PACE agreement. “Commercial PACE agreement” means an agreement that […]
§10203. Commercial PACE programs 1. Establishment; administration. The trust, a 3rd party contracted by the trust or a municipality that has adopted a commercial PACE ordinance may establish a commercial PACE program. Notwithstanding any provision of law to the contrary, the trust may use funds from its administrative fund, program funds or fees on commercial […]
§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 […]
§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 […]
§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 […]
§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).
§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).
§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).
§10210. Conformity to changed standards If standards are adopted by any state or federal agency subsequent to a municipality’s adoption of a commercial PACE ordinance or participation in a commercial PACE program and those standards substantially conflict with the municipality’s manner of participation in the commercial PACE program, the municipality shall take necessary steps to […]
