California Financial Code 22003.5 v2 – “Assessment contract” means an agreement entered into between all …
“Assessment contract” means an agreement entered into between all property owners of record on real property and a public agency in which, for voluntary contractual assessments imposed on the real property, the public agency provides a PACE assessment for the installation of one or more efficiency improvements on the real property in accordance with a PACE program, specified in paragraph (2) of subdivision (a) of § 5898.20 of the Streets and Highways Code, or Section 5899 or 5899.3 of the Streets and Highways Code, or a special tax described in § 53328.1 of the Government Code.
This section shall become operative on January 1, 2029.
Terms Used In California Financial Code 22003.5 v2
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(Repealed and added by Stats. 2018, Ch. 837, Sec. 3. (SB 465) Effective January 1, 2019. Section operative January 1, 2029, by its own provisions.)