Financial Code section 22018

(a)

“Program administrator” means a person administering a PACE program on behalf of, and with the written consent of, a public agency. “Program administrator” does not include a public agency.

(b)

For purposes of this division, “program administrator” does not include a person who meets both of the following conditions:

(1)

The person does not administer a PACE program that provides financing for the installation of efficiency improvements on residential property with four or fewer units.

(2)

The person does not administer a PACE program that provides financing for the installation of efficiency improvements on real property with a market value of less than one million dollars ($1,000,000).

Source: Section 22018, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=22018.­ (updated Jan. 1, 2019; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 22018's source at ca​.gov