11-42a-106. C-PACE district established — OED to direct and administer C-PACE district.
(1) |
There is created the C-PACE district. |
Terms Used In Utah Code 11-42a-106
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) |
The C-PACE district may, subject to Subsection (3):
(a) |
designate an energy assessment area; |
(c) |
assign an energy assessment lien to a third-party lender; and |
(d) |
collect an assessment within an energy assessment area in accordance with Section 11-42a-302. |
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(3) |
(a) |
The C-PACE district may only take the actions described in Subsection (2) if a governing body makes a written request of the C-PACE district to, in accordance with this chapter:
(i) |
create an energy assessment area within the jurisdiction of the governing body; and |
(ii) |
finance an improvement within that energy assessment area. |
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(b) |
Before creating an energy assessment area under Subsection (3)(a), the C-PACE district shall enter into an agreement with the relevant public electrical utility to establish the scope of the improvement to be financed. |
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(4) |
(a) |
OED shall administer and direct the operation of the C-PACE district. |
(b) |
OED may:
(i) |
adopt a fee schedule and charge fees, in accordance with Section 63J-1-504, to cover the cost of administering and directing the operation of the C-PACE district; |
(ii) |
delegate OED’s powers under this chapter to a third party to assist in administering and directing the operation of the C-PACE district; and |
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(c) |
If OED delegates OED’s power under Subsection (4)(b)(ii), OED shall:
(i) |
delegate the authority through a written agreement with the third party; and |
(ii) |
ensure that the written agreement includes provisions that:
(A) |
require the third party to be subject to an audit by the state auditor regarding the delegation; |
(B) |
require the third party to submit to OED monthly reports, including information regarding the assessments the C-PACE district levies and the payments the C-PACE district receives; and |
(C) |
insulate OED from liability for the actions of the third party and the C-PACE district while under the direction and administration of the third party. |
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(5) |
The state is not liable for the acts or omissions of the C-PACE district or the C-PACE district’s directors, administrators, officers, agents, employees, third-party directors or administrators, or third-party lenders, including any obligation, expense, debt, or liability of the C-PACE district. |
Enacted by Chapter 470, 2017 General Session