“Create a role for statewide leadership that will promote program consistency. The statute should create a role for a state agency or other entity that organizes a statewide program or district that local governments can opt into. A single PA operating across the state will promote uniform program rules that increase uniformity and efficiency, provided the PA adopts best practices. In such statewide programs, it remains important to ensure local enforcement of the tax lien.“
– Elements of a well-designed C-PACE Statute and Program to Attract Private Capital and Foster Greater Transact (VERSION 2.0), March 14, 2019 (Petros PACE Finance, LLC, CleanFund, Twain, PLG, Counterpointe SRE, and more)
“National best practices also suggest that a statewide or standardized approach that utilizes a single program administrator, providing standard documentation and project services to governments and capital providers across multiple jurisdictions leads to greater standardization, lower administrative burdens for local jurisdictions, economies of scale, and greater program uptake.”
– Mid Atlantic PACE Alliance (MD, DC, VA stakeholders, funded by. DOE), June 2018
“I do not subscribe to the idea that oversight and performance standards are anti-competitive, particularly where the tax base is involved. I see great potential danger of unsupervised fee- based and self-dealing lenders cutting out local lenders and diminishing the protections designed by the Texas business community and local governments. If the State of Texas lowers administrator standards, the current uniform Texas market may become a mess of overlapping inconsistent PACE programs.”
– Michael Gromacki, president, Dixie Chemical, Pasadena, TX
“Based on over 10 years of experience in the C-PACE landscape, Greenworks Lending has learned which programs are the most attractive for our clients, and most effective and efficient for us. Single Administrators operating in state-wide programs sponsored by or administered within state agencies have proven to be the best option for scalable and profitable PACE programs that uphold public policy goals, and Greenworks Lending would enthusiastically look forward to engaging with such in the state of Texas. We strongly urge the passage of SB 1281.”
– Greenworks Lending, March 26, 2019