Phil Ting
- Democratic
- Assemblymember
- District 19
Author
Existing law authorizes a public agency and a property owner to enter into voluntary contractual assessments to finance the installation of distributed generation renewable energy sources or energy or water efficiency improvements that are permanently affixed on real property (PACE financing program) . Existing law requires the California Alternative Energy and Advanced Transportation Financing Authority to establish a Property Assessed Clean Energy (PACE) Reserve program to assist local jurisdictions in financing, among other things, the installation of distributed generation renewable energy sources or energy or water efficiency improvements on residential projects. Existing law requires the authority, in considering the eligibility of a public agency's PACE financing program for assistance under the PACE Reserve program, to consider whether the PACE program provides a loan that is less than 10% of the value of the property. This bill would require the authority to consider whether a PACE financing program provides financial assistance that is less than 15% of the value of the property, for up to the first $700,000, and less than 10% of the remaining value of the property above $700,000, and whether the PACE financing program limits the total mortgage-related debt and PACE financing from exceeding the value of the property.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 614, Statutes of 2014.
Enrolled and presented to the Governor at 2 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0. Page 6081.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 9 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 6. Page 4367.).
Read second time. Ordered to third reading.
From committee: Be placed on second reading file pursuant to Senate Rule 28.8.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (June 17). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on E., U., & C.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 5018.)
From consent calendar.
Ordered to third reading.
Read second time. Ordered to consent calendar.
From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 7).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (April 28). Re-referred to Com. on APPR.
Read second time and amended.
From committee: Do pass as amended and re-refer to Com. on NAT. RES. (Ayes 8. Noes 0.) (April 21).
From committee: Be re-referred to Coms. on REV. & TAX. and NAT. RES. (Ayes 11. Noes 0.) (April 7). Re-referred to Com. on REV. & TAX.
Re-referred to Com. on RLS. pursuant to Assembly Rule 96.
From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & C. Read second time and amended.
Referred to Coms. on U. & C. and NAT. RES.
Read first time.
From printer. May be heard in committee March 25.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2597 | HTML |
| 02/21/14 - Introduced | |
| 03/28/14 - Amended Assembly | |
| 04/23/14 - Amended Assembly | |
| 06/05/14 - Amended Senate | |
| 08/20/14 - Enrolled | |
| 09/26/14 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.
If you notice any inconsistencies with these official sources, feel free to file an issue.