The municipality hereby establishes a PACE program allowing owners of qualifying property located in the PACE district who so choose to access financing for energy-saving improvements to their property through PACE loans administered by the Trust or its agent. PACE loan funds are available from the Trust in municipalities that:
Adopt a PACE ordinance;
Adopt and implement a local public outreach and education plan;
Enter into a PACE administration contract with the Trust to establish the terms and conditions of the Trust's administration of the municipality's PACE program, and
Agree to assist and cooperate with the Trust in its administration of the municipality's PACE program.
In addition, the municipality may from time to time amend this chapter to use any other funding sources made available to it or appropriated by it for the express purpose of its PACE program, and the municipality shall be responsible for administration of loans made from those other funding sources.