95-648 C.M.R. ch. 5, § 9 - PURCHASES, DISBURSEMENTS, AND PROPERTY RIGHTS

1. Purchase of goods and services. A commercial property owner who has entered into a C-PACE Agreement may purchase directly all goods and services for the Energy Savings Improvements described in the C-PACE Agreement, subject to any applicable vendor certification required by the Trust and other requirements of the Trust. Goods and services purchased by a commercial property owner for the Energy Savings Improvements under a C-PACE Agreement are not subject to any public procurement ordinance or statute.

2. A Registered Capital Provider may disburse funds for an approved C-PACE Loan for new construction projects before project completion.

3. Rights. Commercial property owners retain all rights under contract or law against parties other than the Municipality or the Trust with respect to Energy Savings Improvements financed through C-PACE Agreements.

Notes

95-648 C.M.R. ch. 5, § 9