California Streets and Highways Code

§ 5899.2

SHC § 5899.2 Effective Jan 1, 2015Div. 7 · Part 3 · Ch. 29 · Art. 2

Statute text

For the purpose of financing the installation of distributed generation renewable energy sources pursuant to this chapter, “permanently fixed” includes, but is not limited to, systems attached to a residential, commercial, industrial, agricultural, or other real property pursuant to a power purchase agreement or lease between the owner of the system and the owner of the assessed property, if the power purchase agreement or lease contains all of the following provisions:

(a)The attached system is an eligible renewable energy resource pursuant to the California Renewables Portfolio Standard Program (Article 16 (commencing with Section 399.11) of Chapter 2.3 of Part 1 of Division 1 of the Public Utilities Code).

(b)The term of the power purchase agreement or lease is at least as long as the term of the related assessment contract.

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Legislative history

Amended by Stats. 2014, Ch. 599, Sec. 8. (AB 1883) Effective January 1, 2015.