WILLIAM DONALD SCHAEFER, Governor                    Ch. 421

THE PURPOSE OF THE PROGRAM IS TO MAKE LOANS TO NONPROFIT
ORGANIZATIONS OR LOCAL JURISDICTIONS FOR ENERGY CONSERVATION
PROJECTS IN BUILDINGS OWNED BY SUCH ENTITIES IN ORDER TO PROMOTE
ENERGY CONSERVATION AND IMPROVE ENERGY EFFICIENCY.

4-704.

THE DEPARTMENT 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 SUCH SPECIFIC TERMS TO ANY LOAN AS MAY BE
DEEMED NECESSARY TO ASSURE THAT THE PURPOSE OF THE PROGRAM IS
FULFILLED; AND

(4)  DEVELOP PROCEDURES FOR MONITORING PROJECTS TO
ASSESS WHETHER THE IMPROVEMENTS OR MODIFICATIONS MADE BY A
SPONSOR HAVE RESULTED IN A MEASURABLE REDUCTION IN ENERGY
CONSUMPTION.

4-705.

(A)  (1) TO RECEIVE A LOAN UNDER THE PROGRAM A SPONSOR MUST
FILE AN APPLICATION.

(2)   IF THE SPONSOR IS A LOCAL JURISDICTION, THE
APPLICATION MUST BE SIGNED BY THE CHIEF ELECTED OFFICER OR, IF
NONE, BY THE GOVERNING BODY OF THE COUNTY OR MUNICIPALITY IN
WHICH THE PROJECT IS LOCATED.

(3)  IF THE SPONSOR IS A PUBLIC SCHOOL, THE
APPLICATION MUST BE SIGNED BY THE BOARD OF EDUCATION OF THE
COUNTY IN WHICH THE PROJECT IS LOCATED.

(B)  THE APPLICATION SHALL CONTAIN SUCH INFORMATION AS THE
DEPARTMENT 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 ENERGY CONSERVATION PROJECT;

(3)  THE AMOUNT OF ENERGY COST SAVINGS EXPECTED TO BE
GENERATED OVER A DEFINED PERIOD OF TIME AFTER COMPLETION OF THE
ENERGY CONSERVATION PROJECT; AND

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