Energy: property assessed clean energy.

Existing law authorizes a public agency, as defined, and as part of a property assessed clean energy (PACE) program, to issue a PACE bond that is secured by a voluntary contractual assessment or voluntary special tax on property to finance the installation of distributed generation renewable energy sources, electric vehicle charging infrastructure, or energy or water efficiency improvements, if the public agency receives approval from the California Alternative Energy and Advanced Transportation Financing Authority, as specified. This bill would authorize a school district, county office of education, or charter school to voluntarily enter into an agreement with a PACE program to finance, refinance, or lease the installation of distributed generation renewable energy sources, electric vehicle charging infrastructure, or energy or water efficiency improvements.