§ 10081. Application by PACE Program to the PACE Loss Reserve.
4 CA ADC § 10081Barclays Official California Code of Regulations
4 CCR § 10081
§ 10081. Application by PACE Program to the PACE Loss Reserve.
A PACE Program seeking to participate in the PACE Loss Reserve Program shall complete an application that shall include the following information:
(9) The Financing is for less than fifteen percent (15%) of the value of the property, up to the first seven hundred thousand dollars ($700,000) of the value of the property, and is for less than ten percent (10%) of the remaining value of the property above seven hundred thousand dollars ($700,000).
(e) The PACE Program's agreement to permit an audit of any of its records relating to enrolled Financings, during normal business hours on its premises, by the Authority or its agents, and to supply such other information concerning enrolled Financings as shall be requested by the Executive Director.
(f) Upon receipt of a completed application, the Executive Director will within ten business days review and determine whether the application is complete, or whether additional information is required to enroll the PACE Program. The Executive Director's decision whether an application is complete shall be final.
Credits
Note: Authority cited: Section 26009, Public Resources Code. Reference: Sections 26050, 26050.5, 26052, 26055, 26061, 26062 and 26063, Public Resources Code.
History
1. New section filed 3-10-2014 as an emergency; operative 3-10-2014 (Register 2014, No. 11). A Certificate of Compliance must be transmitted to OAL by 9-8-2014 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 9-8-2014 as an emergency; operative 9-8-2014 (Register 2014, No. 37). Pursuant to Public Resources Code section 26009, this filing is conclusively presumed to be necessary for the immediate preservation of the public peace, health, safety, or general welfare within the meaning of Government Code section 11346.1. A Certificate of Compliance must be transmitted to OAL by 12-8-2014 or emergency language will be repealed by operation of law on the following day.
3. New section refiled 12-5-2014 as an emergency; operative 12-5-2014 (Register 2014, No. 49). Pursuant to Public Resources Code section 26009, this filing is conclusively presumed to be necessary for the immediate preservation of the public peace, health, safety, or general welfare within the meaning of Government Code section 11346.1. A Certificate of Compliance must be transmitted to OAL by 3-5-2015 or emergency language will be repealed by operation of law on the following day.
4. Amendment of subsections (b)(8)-(9), new subsection (b)(10), and amendment of subsections (c)-(e) filed 12-15-2014 pursuant to section 100(a)(6), title 1, California Code of Regulations; operative 1-1-2015 pursuant to section 100(a)(6), title 1, California Code of Regulations (Register 2014, No. 51).
5. Certificate of Compliance as to 12-5-2014 order transmitted to OAL 2-25-2015 and filed 4-6-2015 (Register 2015, No. 15).
This database is current through 5/3/24 Register 2024, No. 18.
Cal. Admin. Code tit. 4, § 10081, 4 CA ADC § 10081
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