{"data":{"id":"us-ca/prc-26060","jurisdiction":"us-ca","citation":"PRC § 26060","heading":"","body":"(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.\n(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.","path":["Public Resources Code - PRC","DIVISION 16. CALIFORNIA ALTERNATIVE ENERGY AND ADVANCED TRANSPORTATION FINANCING AUTHORITY ACT [26000. - 26082.]","CHAPTER 4. Property Assessed Clean Energy (PACE) and Clean Energy Financing Program [26050. - 26082.]","ARTICLE 2. PACE Reserve Program [26060. - 26064.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"771ecebc430643f082ae436d59d9907a8dbc220b62ff133622b06619c170f914","source_id":"us-ca","stale":false,"prev":"us-ca/prc-26056","next":"us-ca/prc-26061"},"notice":"GroundRules: Original legal text. Not legal advice."}