as amended, Ting.
begin deleteProperty Assessed Clean Energy Resource program. end delete
Existing law requires the California Alternative Energy and Advanced Transportation Financing Authority to develop and administer a Property Assessed Clean Energy Reserve program to reduce the overall costs to property owners of a Property Assessed Clean Energy Reserve bond, or PACE bond, issued by an applicant that has established a Property Assessed Clean Energy program, or PACE program, by providing a reserve of no more than 10% of the initial amount of the PACE bond. Existing law makes various findings and declarations regarding PACE financing.end delete
This bill would make a nonsubstantive change to the findings and declarations.end delete
begin deleteno end delete.
State-mandated local program: no.
The people of the State of California do enact as follows:
(a) Any airspace under a freeway, or real property
4acquired for highway purposes, in the City and County of San
begin delete whichend delete is not excess property, may be leased by the
6department to the city and county or another political subdivision
7or a state agency for purposes of an emergency shelter or feeding
begin delete program.end delete
10(b) The lease shall be for one dollar ($1) per month. The lease
11amount may be paid in advance of the term covered in order to
12reduce the administrative costs associated with the payment of the
13monthly rental fee. The lease shall require the payment of an
14administrative fee not to exceed five hundred dollars ($500) per
15year, unless the department determines that a higher administrative
16fee is necessary, for the department’s cost of administering the
10 The Legislature finds and declares that the lease of real
11property pursuant to this section serves a public purpose.
Section 26050 of the Public Resources Code is
13amended to read:
(a) The Legislature finds and declares all of the
16(1) Property Assessed Clean Energy (PACE) financing has been
17pioneered by municipalities and counties in California as a way
18for homeowners and small business owners to finance voluntary
19energy and water efficiency and clean energy improvements.
20(2) PACE financing was pioneered in the City of Berkeley,
21while the City and County of San Francisco, City of San Diego,
22City of Palm Desert, Sonoma County, and the California Statewide
23Communities Development Authority have already initiated or are
24working to launch additional programs.
25(3) Seventeen other states, including Colorado and New York,
26have also enacted enabling PACE legislation.
27(4) The public subsidy provided by the PACE financing is
28justified by the benefits received in job creation, lower energy
29demand, and spurring new clean industries that will grow the
31(b) It is the intent of the Legislature to assist local jurisdictions
32in financing the installation of distributed generation renewable
33energy sources, electric vehicle charging infrastructure, or energy
34or water efficiency improvements that are permanently fixed to
35real property through the use of voluntary contractual assessments.
36(c) It is not the intent of the Legislature to create any debt,
37liability, or obligation on the part of the state in assisting local
38 jurisdictions pursuant to this division.