PACE Statute definition

PACE Statute means Act 270 of the Michigan Public Acts of 2010, as amended, commonly referred to as the Property Assessed Clean Energy Act, MCL 460.931 et seq.
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PACE Statute means Wis. Stat. § 66.0627, as amended.
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PACE Statute means Illinois Property Assessed Clean Energy Act, as codified at 50 ILCS 50 (the ‘PACE Act’), as amended.
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Examples of PACE Statute in a sentence

  • Such powers shall include the power to make loans or otherwise arrange, participate in or facilitate the financing of energy or water efficiency improvement projects or renewable resource applica- tions as provided in the PACE Statute including, without limitation, the exercise of the power and authority, without further action by the Member, to impose special charges pursuant to the PACE Statute on real property within the Members’ jurisdictions.

  • With respect to any vote to approve the imposition of a special charge on real property pursuant to the PACE Statute, the following shall apply: A quorum with respect to such vote shall exist only if (A) a majority of the Directors are present, and (B) a majority of the Directors who are present are Representative Directors.

  • On behalf of the PACE Commission, the PA ensures that PACE-financed projects are eligible for PACE Financing under the PACE Statute, the PACE Ordinance, and the Program Manual.

  • Such powers shall include the power to make loans or otherwise arrange, participate in or facilitate the financing of energy or water efficiency improvement projects or renewable resource applications as provided in the PACE Statute including, without limitation, the exercise of the power and authority, without further action by the Member, to impose special charges pursuant to the PACE Statute on real property within the Members’ jurisdictions.

  • In other water clusters, the next most feasible tunneling pathways after the flips are bifurcations, in which an H-atom rotates away from its hydrogen bond and is re- placed by the other H-atom on the same water molecule (15).

  • The PACE Statute enables “political subdivisions” (counties, cities, towns and villages) to impose a special charge on real property to secure loans made for energy efficiency, water conservation and renewable energy improvements (a “PACE Project”).

  • Certain terms used in this Program Manual have meanings defined in the Michigan PACE Statute: Applicant - means any property owner that submits an application to the Program Administrator with the intent to utilize PACE financing to fund a PACE project.

  • Environmental Hazard Projects were added to the Michigan PACE Statute by Senate Bill 303 of 2023, and no such project has been completed as of February, 2024.

  • Mortgage Lender Consent is required to close a PACE financing under the Michigan PACE Statute.

  • Any change orders that result in an alteration of the anticipated project must be pre-approved by LAGM to ensure that the project remains consistent with the requirements as set forth in the PACE Statute and applicable program report.

Related to PACE Statute

  • Criminal drug statute means a Federal or non-Federal criminal statute involving the manufacture, distribution, dispensing, possession or use of any controlled substance.

  • Governing statute of an organization means the statute that governs the organization's internal affairs.

  • Land Use Bylaw means Bylaw 75 of the Municipality, approved on August 6, 1992, as amended, or successor bylaws.

  • Statutes means the Companies Act, the Electronic Transactions Act 1999 of Bermuda, and every other act (as amended from time to time) for the time being in force of the Legislature of Bermuda applying to or affecting the Company, the Memorandum of Association and/or these presents;

  • ADA means the Americans with Disabilities Act.

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  • Chapter means a Chapter under this Part;

  • Act of 1994 means the Solicitors (Amendment) Act 1994 [No.27 of 1994];

  • Act of 1997 means the Taxes Consolidation Act 1997;

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  • Act of 1993 means Roads Act 1993;

  • Act of 1998 means the Food Safety Authority of Ireland Act 1998 (No. 29 of 1998);