As used in this chapter:(1)(A) 'Bond' means a revenue bond or note issued under this chapter.(B) 'Bond' includes any other financial obligation authorized by this chapter, the laws of this state, or the Arkansas Constitution;(2) 'District' means a property assessed energy improvement district established in this state by law for the express purpose of managing the PACE program;(3) 'Governmental entity' means a municipality, county, combination of cities or counties or both, or statewide district;(4) 'Owner' means an individual, partnership, association, corporation, or other legal entity that is recognized by law and has title or interest in any real property;(5) 'PACE program' means a property assessed clean energy program under which a real property owner can finance an energy efficiency improvement, a renewable energy project, and a water conservation improvement on the real property; and(6) 'Person' means an individual, partnership, association, corporation, or other legal entity recognized by law as having the power to contract.Added by Act 2013, No. 1074,§ 1, eff. 8/16/2013.
Arkansas Legal Code