California Legal Codes and Statutes

§ 26060

Amended by Stats. 2014, Ch. 614, Sec. 4. (AB 2597) Effective January 1, 2015.
(a)The authority shall develop and administer a PACE Reserve program to reduce overall costs to the property owners of PACE bonds issued by an applicant by providing a reserve of no more than 10 percent of the initial principal amount of the PACE bond.
(b)The authority shall develop and administer a PACE risk mitigation program for PACE financing to increase its acceptance in the marketplace and protect against the risk of default and foreclosure.

Cite this section

Cal. Pub. Res. Code § 26060 (2026)
https://ca.codecond.com/codes/prc/division-16-california-alternative-energy-and-advanced-transportation-financing-authority-act/chapter-4-property-assessed-clean-energy-pace-and-clean-energy-financing-program/article-2-pace-reserve-program/section-26060

Other sections in Article 2 - PACE Reserve Program

§ 26060§ 26061§ 26062§ 26063§ 26064

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.