Maine Revised Statutes > Title 35-A > Part 8 > Chapter 101 – Commercial Property Assessed Clean Energy
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maine Revised Statutes > Title 35-A > Part 8 > Chapter 101 - Commercial Property Assessed Clean Energy
- Commercial PACE: means commercial property assessed clean energy. See Maine Revised Statutes Title 35-A Sec. 10202
- Commercial PACE agreement: means an agreement that authorizes the creation of a commercial PACE assessment on qualifying property and that is approved in writing by all owners of the qualifying property at the time of the agreement. See Maine Revised Statutes Title 35-A Sec. 10202
- Commercial PACE assessment: means an assessment made against qualifying property to finance an energy savings improvement. See Maine Revised Statutes Title 35-A Sec. 10202
- Commercial PACE ordinance: means an ordinance adopted by the legislative body of a municipality for the purpose of participating in a commercial PACE program. See Maine Revised Statutes Title 35-A Sec. 10202
- Commercial PACE program: means a program established under this chapter by the trust, a 3rd party contracted by the trust or a municipality, under which commercial property owners can finance energy savings improvements on qualifying property. See Maine Revised Statutes Title 35-A Sec. 10202
- Contract: A legal written agreement that becomes binding when signed.
- Customer: includes any person, government or governmental division which has applied for, been accepted and is currently receiving service from a public utility. See Maine Revised Statutes Title 35-A Sec. 102
- Energy savings improvement: means an improvement or series of improvements to qualifying property that, as determined by the trust, are new and permanently affixed to qualifying property and that:
A. See Maine Revised Statutes Title 35-A Sec. 10202Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC in writing: include printing and other modes of making legible words. See Maine Revised Statutes Title 1 Sec. 72 Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff. Lien: A claim against real or personal property in satisfaction of a debt. Mortgage: The written agreement pledging property to a creditor as collateral for a loan. Municipal officers: means the mayor and municipal officers or councilors of a city, the members of the select board or councilors of a town and the assessors of a plantation. See Maine Revised Statutes Title 1 Sec. 72 Municipality: includes cities, towns and plantations, except that "municipality" does not include plantations in Title 10, chapter 110, subchapter IV; or Title 30?A, Part 2. See Maine Revised Statutes Title 1 Sec. 72 Person: includes a corporation, partnership, limited partnership, limited liability company, limited liability partnership, association, trust, estate, any other legal entity or natural person. See Maine Revised Statutes Title 35-A Sec. 102 Personal property: All property that is not real property. Qualifying property: means real commercial property that:
A. See Maine Revised Statutes Title 35-A Sec. 10202Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72 Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land. Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant. Renewable energy installation: means a fixture, product, system, device or interacting group of devices installed behind the meter at a qualifying property, or on contiguous property under common ownership, that produces energy or heat from renewable sources, including, but not limited to, photovoltaic systems, solar thermal systems, highly efficient wood heating systems, geothermal systems and wind systems that do not on average generate more energy or heat than the peak demand of the property. See Maine Revised Statutes Title 35-A Sec. 10202 Statute: A law passed by a legislature. Trust: means the Efficiency Maine Trust established in section 10103. See Maine Revised Statutes Title 35-A Sec. 10202 United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72 Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72