SECTIONS 53050-53062 - California Statutes

HEALTH AND SAFETY CODE

SECTION 53050-53062

53050. Unless the context otherwise requires and so stipulates, the
definitions provided in this chapter shall govern construction of
this part.

53052. "Corporation" means the Solar and Energy Conservation
Mortgage Corporation, also known as "Sunny Mac," created by this
part.

53054. "Energy conservation measure" means any one or more of the
following:
(a) A device, system, or design that utilizes solar energy or wind
power for water heating, space heating or cooling, or the generation
of electricity.
(b) Ceiling, attic, wall, or floor insulation.
(c) Storm windows and doors, multi-glazed windows and doors, and
heat-absorbing or heat-reflective glazed windows and door materials,
which substantially reduce the energy needed for space heating and
cooling.
(d) Such other measures or devices as may reasonably be deemed
energy conservation enhancements or structural improvements.

53056. "Financial institution" means any commercial bank, trust
company, savings and loan association, credit union, insurance
company, industrial loan company, mortgage banker, or California
business and industrial development company, in this state.

53058. "Financing" means to lend money for the purpose of
purchasing, leasing, installing, or constructing energy conservation
measures.

53060. "Holder-in-due course," means the purchaser of a loan or
loans from a financial institution that participates in, arranges, or
finances a loan pursuant to the provisions of this part, and who
takes the loan instrument:
(a) For value;
(b) In good faith; and
(c) Without notice that it is overdue or has been dishonored or of
any defense against or claim to it on the part of any person.

53062. "Structural improvements" means alterations or additions to
a designated building intended to enhance energy conservation and
efficiency of building space utilization.