1. (a) Each enrolled PACE Program shall report to the Authority twice each calendar year. These reports shall be certified pursuant to Section 10087.

   1. (1) On March 1st of each year, each enrolled PACE Program shall submit the following for the period from July 1 through December 31:

      1. i. The assessor's parcel number, principal amount, annual assessment amount and term of each new Financing originated in the reporting period.
      2. ii. The total number and value of new Financings originated in the reporting period.
      3. iii. Payment of the administrative fee set forth in paragraph (b) of this section.

   2. (2) On October 1st of each year, each enrolled PACE program shall submit the following for the period from January 1 through June 30:

      1. i. The information and payment outlined in subdivision (a)(1) above.
      2. ii. The total number of outstanding Financings.
      3. iii. The total value of the Financing portfolio.
      4. iv. Information on energy and water savings resulting from the projects funded by the covered portfolio of Financings.
2. (b) The Authority shall assess an administrative fee of 0.0000 (0%) of the principal value of each Financing issued by a Participating PACE Program during the period covered by the report. In May of 2016, and every year thereafter, the Authority shall review the fee. In addition, the Authority may review the fee at any time upon a vote of a majority of the Authority.
3. (c) In the event that a report and payment is not received within 60 calendar days of the due date as set forth in this section, the Authority may terminate the PACE Program's enrollment, pursuant to Section 10086(b).

Note: Authority cited: Section 26009, Public Resources Code. Reference: Sections 26011, 26050, 26050.5, 26052, 26055, 26060 and 26081, 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 A Certificate of Compliance must be transmitted to OAL by 9-8-2014 or emergency language will be repealed by operation of law on the following day.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 amendment of subsection (b), 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 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. Amendment of subsection (b) filed 1-30-2015 as an emergency; operative 1-30-2015 (Register 2015, No. 5). 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 7-29-2015 or emergency language will be repealed by operation of law on the following day.

6. Certificate of Compliance as to 12-5-2014 and 1-30-2015 orders transmitted to OAL 2-25-2015 and filed 4-6-2015 (Register 2015, No. 15).