California § 26060 - The authority shall develop and administer a PACE Reserve program to reduce overa
Full text of California Public Contract Code - PCC § 26060 — The authority shall develop and administer a PACE Reserve program to reduce overa, with citation guidance and answers to common questions.
§ 26060. The authority shall develop and administer a PACE Reserve program to reduce overa
(a) The authority shall develop and administer a PACE Reserve program to reduce overall costs to the property owners of PACE bonds issued by an applicant by providing a reserve of no more than 10 percent of the initial principal amount of the PACE bond. (b) The authority shall develop and administer a PACE risk mitigation program for PACE financing to increase its acceptance in the marketplace and protect against the risk of default and foreclosure.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 26060
What does Public Contract Code - PCC § 26060 cover?
Section 26060 ("The authority shall develop and administer a PACE Reserve program to reduce overa") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 26060?
A common citation format is "Public Contract Code - PCC § 26060" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 26060 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.