The municipality hereby establishes a PACE program allowing
owners of qualifying property located in the PACE district who so
choose to access financing for energy saving improvements to their
property through PACE loans administered by the Trust or its agent.
PACE loan funds are available from the Trust in municipalities that
1) adopt a PACE chapter, 2) adopt and implement a local public outreach
and education plan, 3) enter into a PACE administration contract with
the Trust to establish the terms and conditions of the Trust's
administration of the municipality's PACE program, and 4) agree
to assist and cooperate with the Trust in its administration of the
municipality's PACE program.
In addition, the municipality may from time to time amend this
chapter to use any other funding sources made available to it or appropriated
by it for the express purpose of its PACE program, and the municipality
shall be responsible for administration of loans made from those other
funding sources.
