Sec. 6-178

Citation: Sec. 6-178 (c)
Parent Document: Portland City Code ch. 6
Jurisdiction: Portland (municipal)
Original Source: https://www.portlandmaine.gov/asset/c5af4c63-b877-4ea8-9d29-8420cbad7717 ↗

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(c) Amendment to or Repeal of Commercial PACE Program. The
City may from time to time amend this Ordinance to use any
funding sources made available to it or appropriated by it for
the express purpose of its Commercial PACE Program, and the City
shall be responsible for administration of loans made from those
funding sources. The City may also repeal this Ordinance in the
same manner as it was adopted, provided, however, that such
repeal shall not affect the validity of any Commercial PACE
Agreements entered into by the City prior to the effective date
of such repeal, or a Commercial PACE Loan or Commercial PACE Lien
arising out of such Agreements.
(Ord. No. 41-23/24, 10-16-2023) Sec. 6-197.Financing; Private Lenders; Terms.

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