A.
The trust shall administer the PACE program for the Town in accordance
with a PACE administration contract between the Town and the trust,
which will establish the administrative duties of the trust, including,
without limitation:
(1)
The trust will enter into PACE agreements with owners of qualifying
property in the Town;
(2)
The trust, or its agent, will create and record a notice of the PACE
agreement in the York County Register of Deeds to create a PACE mortgage;
(3)
The trust, or its agent, will disburse the PACE loan to the property
owner;
(4)
The trust, or its agent, will send PACE assessment statements, with
payment deadlines, to the property owner;
(5)
The trust, or its agent, will be responsible for collection of the
PACE assessments;
(6)
The trust, or its agent, will record any lien, if needed, due to
nonpayment of the assessment; and
(7)
The trust, or its agent, shall promptly record the discharges of
PACE mortgages upon full payment of the PACE loan.
B.
Assessments not a tax. PACE assessments do not constitute a tax,
but may be assessed and collected by the trust in any manner determined
by the trust and consistent with applicable law.
C.
Assistance and cooperation. The Town will assist and cooperate with
the trust in its administration of the Town's PACE program.
A.
Notwithstanding any other provision of law to the contrary, Municipal
Officers and officials, including, without limitation, tax assessors
and tax collectors, are not personally liable to the trust or to any
other person for claims, of whatever kind or nature, under or related
to a PACE program, including, without limitation, claims for or related
to uncollected PACE assessments.
B.
Other than the fulfillment of its obligations specified in a PACE
administration contract with the trust entered into under this section,
the Town has no liability to a property owner for or related to energy
savings improvements financed under a PACE program.
