HB 80 was signed into law August 2017, and codified at AS 29.55.100 – .165 (“the C-PACE Act”), which allows local governments to create and manage C-PACE programs. The following documents are required by the C-PACE Act for a local governments to establish a C-PACE program within its jurisdictional boundaries (“AK C-PACE Documents”):
- Resolution of Intent;
- Ordinance Approving PACE Program;
- Program Report;
- Ordinance to Establish a PACE Program;
- Owner Contract;
- Capital Provider Contract; and
- Notice of Contractual Assessment.
The AK C-PACE Documents are attached hereto. Each document is for informational purposes only and not for the purpose of providing legal advice. Local governments should consult their attorney to obtain advice with regard to the content, and use, of these documents.
The AK C-PACE Documents primarily describe the roles and responsibilities of a local government in a C-PACE program as described in the C-PACE Act. One important exception noted here is that one requirement of the local government is to ensure a plan for capital to be provided under the program, which the C-PACE Act contemplates may be provided by either private sources or by the local government through the issuance of bonds or other public funds. As a result of consultation with AEA and the Advisory Group, the AK C-PACE Documents do not contemplate the provision of capital through issuance of bonds by local governments or use of public funds. Certain changes to the AK C-PACE Documents are required if local governments want to preserve this funding option pursuant to the terms of the C-PACE Act.
The AK C-PACE Documents are meant to be a tool for local governments seeking to establish C-PACE in tandem with other program administrative documents not prescribed by the C-PACE Act but developed under this initiative. Please contact PFS for more information at: email@example.com.
AK C-PACE Statute
HB 80 was signed into law August 2017 and codified at AS 29.55.100 – .165, allowing local governments to create and manage C-PACE programs.
Disclosure for AK C-PACE Template Forms
Local governments should read the attached Disclosure before utilizing any of the AK C-PACE Program Documents.
Form Resolution of Intent
The Form Resolution of Intent establishes that the financing of energy improvement projects through assessments serves a valid public purpose.
Form Ordinance Approving a C-PACE Program
This form non-codified ordinance approves a program report setting forth the terms and conditions of a municipal property assessed clean energy program.
Form Program Report
This is the form form for a statutorily required, publicly available report describing the statutory terms of a C-PACE program.
Form Ordinance to Establish a C-PACE Program
This form codified ordinance incorporates a previously enacted Resolution and Intent and Ordinance to Approve a C-PACE Program, establishing the C-PACE program in a particular municipality.
Form Owner Contract
This contract is executed by the municipality and the C-PACE borrower, specifying the terms of the C-PACE Assessment and financing.
Form Capital Provider Contract
This contract is executed by the municipality and the C-PACE capital provider, describing the servicing of the C-PACE assessment.
Form Notice of Contractual Assessment
This document is recorded in the land records to evidence a C-PACE assessment on the property.
AK C-PACE Program Handbook
This program handbook provides a guide to municipalities looking to establish and administer a C-PACE program using the AK C-PACE Program Documents and administrative platform.
AK C-PACE Project Application
This is a form application that local governments may use to determine the eligibility of a proposed C-PACE project.