SECTIONS 26140-26141 - California Statutes

PUBLIC RESOURCES CODE

SECTION 26140-26141

26140. (a) Until January 1, 2015, an amount of up to fifty million
dollars ($50,000,000) from the Renewable Resource Trust Fund,
established pursuant to Section 25751, is hereby appropriated to the
authority for the purposes of this division. The moneys appropriated
shall remain in the Renewable Resource Trust Fund until the funds are
needed by the authority pursuant to this division.
(b) Of the moneys appropriated in subdivision (a), up to three
hundred thousand dollars ($300,000) may be expended by the authority
for the initial administrative costs in implementing this division.
(c) All repayments of moneys disbursed pursuant to this division
shall be deposited into the Renewable Resource Trust Fund.

26141. (a) On March 31, 2011, and annually thereafter, the
authority shall submit to the Legislature a report pursuant to
Section 9795 of the Government Code on all of the following:
(1) The status of the account.
(2) A summary of the PACE bonds that received assistance pursuant
to this division.
(3) A summary of the benefits provided by this division, including
reduced interest rates on the PACE bonds receiving assistance
pursuant to this division.
(4) The number of jobs created by the PACE programs that received
assistance pursuant to this division.
(5) Information on energy and water savings resulting from the
PACE programs that received assistance pursuant to this division.
(6) Other information deemed appropriate by the authority.
(b) This section shall remain in effect only until January 1,
2015, and as of that date is repealed, unless a later enacted
statute, that is enacted before January 1, 2015, deletes or extends
that date.