California Code of Regulations › Title 4 - Business Regulations › Division 13 - California Alternative Energy and Advanced Transportation Financing Authority › Article 4 - Pace Loss Reserve Program › Section 10082 - Coverage of PACE Financing Portfolios

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(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.
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				  language will be repealed by operation of law on the following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				  language will be repealed by operation of law on the following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).
Note: Authority cited: Section
					 26009,
					 Public Resources Code. Reference: Sections
					 26050,
					 26050.5,
					 26052,
					 26055
					 and
					 26060,
					 Public Resources Code.