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News & Press: Sacramento Report

Proposed Water Savings Program Follows the PACE Design

Tuesday, April 18, 2017  
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Senate Bill 564 (McGuire), also known as the Water Bill Savings Act, looks to build upon the precedent set by PACE financing and authorizes a joint powers authority to provide funding for a customer of a public utility to acquire, install, or repair a water efficiency improvement at the customer’s residence. Customer repayment would be made through an “efficiency charge” on the customer’s water bill pursuant to a servicing agreement. The bill requires a written agreement by the customer, the property owner (if different than the customer), and the utility. The charge would remain with the meter until repaid or transferred to a subsequent customer.

California Land Title Association

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