1 CCR 301-85-2 - Eligibility and General Terms
2.1. The
following entities are eligible to apply for a Loan:
2.1.1. Qualified School Districts that choose
to undertake Renewable Energy Projects or Energy Efficiency Projects.
2.1.2. A Qualified School District may apply
for a loan from the REES Loan Program on behalf of a charter school authorized
by a district.
2.2.
Renewable Energy and Energy Efficiency Project loans are provided to Qualified
School Districts on a competitive basis. Limited loan funds are available and
not all applications may be selected for loans.
2.3. No school district shall have more than
$1,000,000 in Program Loans outstanding at any time.
2.4. The maximum loan term allowed shall be
fifteen (15) years commencing on the date of the REEES Loan approval and cannot
exceed the life of the Renewable Energy Project.
2.5. Pursuant to §22-92.102(2),C.R.S.,
if a Qualified School District applies for a loan from the REEES Loan Program,
and the State Treasurer authorizes a loan for the Qualified School District
pursuant to
§
22-92-107,
et
seq., C.R.S., the Qualified School District shall not accept the loan
unless the Qualified School District has first determined what financing terms
are available to it from at least two banks.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.