TEXAS PACE AUTHORITY
There is an Austin-based business that serves San Marcos, helping people utilize government funding for new developments or property improvements that upgrade facility infrastructure. The Texas PACE Authority has even helped finance the San Marcos Premium Outlets and is hoping to assist more San Marcos customers.
“The Texas PACE authority is a third party PACE administrator for the PACE program,” said PACE Transactions Director Teresa Smith, Ph.D. “PACE, of course, stands for Property Assessed Clean Energy. It’s a program that was actually legislated by the federal government in 2008, and then adopted in the state of Texas in 2013. As part of that legislation, there is a requirement that you have a third-party administrator that oversees the program.”
