Rhode Island General Laws 39-26.5-9. Monitoring, reporting, compliance, underwriting criteria
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The Rhode Island infrastructure bank shall determine compliance with the underwriting criteria, standards, and procedures set forth in the rules and regulations promulgated in accordance with this chapter and shall include an accounting of the PACE program in the annual report due each year under § 46-12.2-24.1. The report shall describe the implementation and operation of the PACE program including program receipts, disbursements, and earnings.
History of Section.
P.L. 2013, ch. 271, § 1; P.L. 2013, ch. 361, § 1; P.L. 2015, ch. 141, art. 14, § 9.
Terms Used In Rhode Island General Laws 39-26.5-9
- PACE: is a voluntary financing mechanism that allows both residential and commercial property owners to access affordable, long-term financing for energy upgrades, and other eligible environmental health and environmental safety upgrades on their property. See Rhode Island General Laws 39-26.5-2
- Rhode Island infrastructure bank: means the Rhode Island infrastructure bank ("RIIB"). See Rhode Island General Laws 39-26.5-2