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ROBERT L. EHRLICH, JR., Governor
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Ch. 183
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(2) IF THE BORROWER IS A CORPORATION, THE APPLICATION MUST BE
SIGNED BY THE CHIEF OPERATING OFFICER OR AN AUTHORIZED COMPANY
OFFICIAL.
(B) THE APPLICATION SHALL CONTAIN ANY INFORMATION THE
ADMINISTRATION DETERMINES IS NECESSARY, INCLUDING:
(1) THE PROJECTED COST TO ACCOMPLISH OR INSTALL A PROPOSED
PROJECT;
(2) THE AMOUNT OF ENERGY A PROPOSED PROJECT IS EXPECTED TO
SAVE OVER A DEFINED PERIOD OF TIME AFTER COMPLETION OF THE PROJECT;
(3) THE AMOUNT OF ENERGY COST SAVINGS EXPECTED TO BE
GENERATED OVER A DEFINED PERIOD OF TIME AFTER COMPLETION OF THE
PROJECT; AND
(4) A DESCRIPTION OF THE BORROWER'S CONTRIBUTION TO A
PROPOSED PROJECT AS REQUIRED BY § 9-20A-06 OF THIS SUBTITLE.
9-20A-06.
(A) LOANS FROM THE FUND MAY BE USED FOR:
(1) THE COSTS OF IMPLEMENTING PROJECTS, INCLUDING THE COSTS
OF ALL NECESSARY:
(I) TECHNICAL ASSESSMENTS;
(II) STUDIES;
(III) SURVEYS;
(IV) PLANS AND SPECIFICATIONS; AND
(V) START-UP, ARCHITECTURAL, ENGINEERING, OR OTHER
SPECIAL SERVICES; AND
(2) THE COSTS OF CONSTRUCTION, REHABILITATION, OR
MODIFICATION, INCLUDING THE PURCHASE AND INSTALLATION OF ANY NECESSARY
MACHINERY, EQUIPMENT, OR FURNISHINGS.
(B) EACH BORROWER SHALL MAKE A CONTRIBUTION TO A PROJECT THAT IS
OF A TYPE AND AMOUNT ACCEPTABLE TO THE ADMINISTRATION.
(C) THE BORROWER MUST DOCUMENT THAT THE ANTICIPATED ENERGY COST
SAVINGS OVER A DEFINED PERIOD AFTER THE COMPLETION OF THE PROJECT ARE
GREATER THAN THE COST OF THE PROJECT.
(D) LOANS MADE UNDER THE PROGRAM SHALL:
(1) BE REPAYABLE BY THE BORROWER FROM SPECIFIED REVENUES
THAT MAY INCLUDE THE ENERGY COST SAVINGS GENERATED BY A PROJECT;
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- 1125 -
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