Maine Revised Statutes > Title 35-A > Part 8 > Chapter 99 – Property Assessed Clean Energy
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Terms Used In Maine Revised Statutes > Title 35-A > Part 8 > Chapter 99 - Property Assessed Clean Energy
- Contract: A legal written agreement that becomes binding when signed.
- 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:
A. See Maine Revised Statutes Title 35-A Sec. 10153Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC in writing: include printing and other modes of making legible words. See Maine Revised Statutes Title 1 Sec. 72 Lien: A claim against real or personal property in satisfaction of a debt. Mortgage: The written agreement pledging property to a creditor as collateral for a loan. Municipal officers: means the mayor and municipal officers or councilors of a city, the members of the select board or councilors of a town and the assessors of a plantation. See Maine Revised Statutes Title 1 Sec. 72 Municipality: includes cities, towns and plantations, except that "municipality" does not include plantations in Title 10, chapter 110, subchapter IV; or Title 30?A, Part 2. See Maine Revised Statutes Title 1 Sec. 72 PACE agreement: means an agreement that authorizes the creation of a PACE mortgage on qualifying property and that is approved in writing by all owners of the qualifying property at the time of the agreement, other than mortgage holders. See Maine Revised Statutes Title 35-A Sec. 10153 PACE assessment: means an assessment made against qualifying property to repay a PACE mortgage. See Maine Revised Statutes Title 35-A Sec. 10153 PACE mortgage: means a mortgage securing a loan made pursuant to a PACE program to fund energy savings improvements on qualifying property. See Maine Revised Statutes Title 35-A Sec. 10153 PACE ordinance: means an ordinance adopted by the legislative body of a municipality for the purpose of participating in a PACE program. See Maine Revised Statutes Title 35-A Sec. 10153 PACE program: means a program established under this chapter by the trust or a municipality under which property owners can finance energy savings improvements on qualifying property. See Maine Revised Statutes Title 35-A Sec. 10153 Person: includes a corporation, partnership, limited partnership, limited liability company, limited liability partnership, association, trust, estate, any other legal entity or natural person. See Maine Revised Statutes Title 35-A Sec. 102 Qualifying property: means real property located in a municipality that participates in a PACE program pursuant to this chapter. See Maine Revised Statutes Title 35-A Sec. 10153 Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land. Renewable energy installation: means a fixture, product, system, device or interacting group of devices installed behind the meter at a qualifying property, or on contiguous property under common ownership, that produces energy or heat from renewable sources, including, but not limited to, photovoltaic systems, solar thermal systems, biomass systems including but not limited to masonry stoves and wood pellet systems, landfill gas to energy systems, geothermal systems, wind systems and any other systems eligible for funding under federal Qualified Energy Conservation Bonds or federal Clean Renewable Energy Bonds. See Maine Revised Statutes Title 35-A Sec. 10153 Statute: A law passed by a legislature. Trust: means the Efficiency Maine Trust established in section 10103. See Maine Revised Statutes Title 35-A Sec. 10153 United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72