Fin. Code, § 22003.5 · Article 1. Definitions

Fin. Code, § 22003.5

Verbatim from the official edition

Not yet in force

Section operative January 1, 2029, by its own provisions.

“Assessment contract” means an agreement entered into between all property owners of record on real property and a public agency in which, for voluntary contractual assessments imposed on the real property, the public agency provides a PACE assessment for the installation of one or more efficiency improvements on the real property in accordance with a PACE program, specified in paragraph (2) of subdivision (a) of Section 5898.20 of the Streets and Highways Code, or Section 5899 or 5899.3 of the Streets and Highways Code, or a special tax described in Section 53328.1 of the Government Code.

This section shall become operative on January 1, 2029.

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

“Assessment contract” means an agreement entered into between all property owners of record on real property and a public agency in which, for voluntary contractual assessments imposed on the real property, the public agency provides a PACE assessment for the installation of one or more efficiency improvements on the real property in accordance with a PACE program, specified in paragraph (2) of subdivision (a) of Section 5898.20 of the Streets and Highways Code, or Section 5899, 5899.3, or 5899.4 of the Streets and Highways Code, or a special tax described in Section 53328.1 of the Government Code.

This section shall remain in effect only until January 1, 2029, and as of that date is repealed.

Notes and commentary — not statutory text

History

Amended by Stats. 2018, Ch. 837, Sec. 2. (SB 465) Effective January 1, 2019. Repealed as of January 1, 2029, by its own provisions. See later operative version added by Stats. 2018, Ch. 837.

History (not yet in force)

Repealed and added by Stats. 2018, Ch. 837, Sec. 3. (SB 465) Effective January 1, 2019. Section operative January 1, 2029, by its own provisions.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN&sectionNum=22003.5.
Text hash: sha256 db9294592a31678499e91a5a9ec67427ae02463ddf355d8a3923a4149aac363a
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This section cites

Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.

Government Code

Gov. Code, § 53328.1Printed as Section 53328.1 of the Government Code

Streets and Highways Code

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.