C-PACE is a creature of statute — it does not exist by contract alone, and that is the source of both its strength and its unfamiliarity to a lender seeing it for the first time. This reference unpacks the three words that carry the weight in §67.2800 (voluntary, special, assessment) with the consequence of each for a lender, then separates the two organizations lenders regularly merge: MCED holds the statutory authority to levy, MGB administers the district, and neither is a division of the other. It states four things the authority does not do, covers jurisdictional participation and where to verify it, and closes by distinguishing the two roles a community lender can play — senior lender giving consent, and originator providing the capital — with the job aids that serve each.
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