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§ 10082. Coverage of PACE Financing Portfolios.

4 CA ADC § 10082Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 13. California Alternative Energy and Advanced Transportation Financing Authority
Article 4. Pace Loss Reserve Program
4 CCR § 10082
§ 10082. Coverage of PACE Financing Portfolios.
(a) For PACE Programs created before March 10, 2014 and making application pursuant to Section 10081 on or before June 9, 2014, all PACE Financings outstanding at the time of enrollment shall be covered by the loss reserve pool for the length of their term. In addition PACE Financings originated after enrollment and included in reports as provided in Section 10085 shall be covered by the loss reserve pool for the length of their term.
(b) For PACE Programs created on or after March 10, 2014, all PACE Financings originated not more than 30 calendar days before the date of the PACE Program enrollment pursuant to Section 10081 shall be covered by the loss reserve pool for the length of their term. In addition PACE Financings originated after enrollment and included in reports as provided in Section 10085 shall be covered by the loss reserve pool for the length of their term.

Credits

Note: Authority cited: Section 26009, Public Resources Code. Reference: Sections 26050, 26050.5, 26052, 26055 and 26060, 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 A Certificate of Compliance must be transmitted to OAL by 9-8-2014 or emergency language will be repealed by operation of law on the following day.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, including amendments, 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 A Certificate of Compliance must be transmitted to OAL by 12-8-2014 or emergency language will be repealed by operation of law on the following day.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, including amendments, 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 section heading and section 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 3/22/24 Register 2024, No. 12.
Cal. Admin. Code tit. 4, § 10082, 4 CA ADC § 10082
End of Document