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Session Laws, 2005
Volume 752, Page 1124   View pdf image
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Ch. 183 2005 LAWS OF MARYLAND
(H) (1) "PROJECT" MEANS ONE OR MORE IMPROVEMENTS OR
MODIFICATIONS THAT ENHANCE THE ENERGY EFFICIENCY AND REDUCE THE
OPERATING EXPENSES OF A STRUCTURE. (2)      "PROJECT" INCLUDES START UP OPPORTUNITIES FOR NEW
BUSINESSES IF THE LOAN WOULD ENHANCE THE ENERGY EFFICIENCY OF THE
BORROWER'S BUSINESS. (3)      "PROJECT" DOES NOT INCLUDE IMPROVEMENTS OR MODIFICATIONS
FOR ENERGY CONSERVATION IN STRUCTURES USED PRIMARILY FOR RELIGIOUS OR
FRATERNAL ACTIVITIES. 9-20A-02. THERE IS AN ENERGY EFFICIENCY AND ECONOMIC DEVELOPMENT LOAN
PROGRAM IN THE MARYLAND ENERGY ADMINISTRATION. 9-20A-03. THE PURPOSE OF THE PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE IN
THE FORM OF LOW INTEREST LOANS TO SELECTED MARYLAND BUSINESSES TO
PROMOTE: (1)      ENERGY CONSERVATION; (2)      ENERGY EFFICIENCY; (3)      ENERGY RELATED ECONOMIC DEVELOPMENT; AND (4)      STABILITY IN BUSINESS, COMMERCIAL, AND INDUSTRIAL SECTORS.
9-20A-04. THE ADMINISTRATION SHALL: (1)      MANAGE, SUPERVISE, AND ADMINISTER THE PROGRAM; (2)      ADOPT REGULATIONS TO ENSURE THAT LOANS ARE PROVIDED ONLY
TO PROJECTS THAT CARRY OUT THE PURPOSE OF THE PROGRAM; (3)      ATTACH SPECIFIC TERMS TO ANY LOAN THAT ARE CONSIDERED
NECESSARY TO ENSURE THAT THE PURPOSE OF THE PROGRAM IS FULFILLED; AND (4)      DEVELOP PROCEDURES FOR MONITORING PROJECTS TO ASSESS
WHETHER THE IMPROVEMENTS OR MODIFICATIONS MADE BY AN ELIGIBLE
BUSINESS HAVE RESULTED IN A MEASURABLE REDUCTION IN ENERGY
CONSUMPTION. 9-20A-05. (A) (1) TO RECEIVE A LOAN UNDER THE PROGRAM A BORROWER MUST FILE
AN APPLICATION WITH THE ADMINISTRATION.
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Session Laws, 2005
Volume 752, Page 1124   View pdf image
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