1 CCR 301-85-3 - REEES Loan Program Process Outline
3.1. The
Office is available to provide technical support and guidance to school
districts considering energy projects.
3.2. The Office shall review each application
received from a Qualified School District pursuant to §
22-92-104(1),
C.R.S. and evaluate the Renewable Energy Project or Energy Efficiency Project
described therein, and make a recommendation to the State Treasurer as to
whether to award the loan and the amount of the loan. If the Office determines
a application is missing any information required by the Office, the Office may
contact the applicant to obtain the missing information.
3.3. Application cycles run on a semi-annual
basis and will close on, or the next business day following, August 31 and
February 28 of each year. Applications must be postmarked by the closing date
to be considered valid. The date an electronic email was sent containing a
Application shall be considered the postmark date.
3.2.1. Within three (3) days after the
closing of the application deadline, the Office will notify the Applicant that
the application has been received..
3.2.2. In the event the application is
incomplete, the Office will notify the Applicant within five (5) days in
writing that additional information is needed, and the Applicant shall provide
such information within thirty (30) days of receipt of the written notification
from the Office.
3.2.3. Within
forty-five (45) days of the Application deadline, the Office will:
3.2.3.1 Review each application;
3.2.3.2 Write a report evaluating the
criteria of each application;
3.2.3.3 Submit the prioritized list of
projects to the State Treasurer for which the Office is recommending
assistance;
3.2.3.4 Notify all
Applicants in writing whether they have been recommended for
approval
3.2.4. The
Office may, in its sole discretion, extend these deadlines.
3.2.5. If the Office extends the deadline for
applications, the Office will post the deadline extension on its website at
http://www.colorado.gov/energy
3.4. In reviewing applications for
Renewable Energy Projects and Energy Efficiency Projects the Office shall
consider, at a minimum, whether a Qualified School District would reduce its
energy costs by the implementation of the Renewable Energy Project or Energy
Efficiency Project that is the subject of each application.
3.5. The school district shall pay any fees
established by the State Treasurer. As set forth in §
22-92-105(3),
C.R.S., the State Treasurer is authorized to require each Qualified School
District that receives a loan from the REEES Loan Program to pay to the Office
a fee that reflects the direct and indirect costs incurred in administering the
loans pursuant to §
22-92-107, C.R.S. If the State
Treasurer elects to impose a fee pursuant to §
22-92-105(3)
C.R.S., he or she shall notify the Colorado Energy Office and the State Board
of Education of the decision to impose the fee. A fee imposed pursuant to
§
22-92-105(3),
C.R.S., may be imposed on a regularly scheduled basis to be determined by the
State Treasurer. A Qualified School District that receives a loan from the
REEES Loan Program shall be required to pay the fee until the loan is repaid in
full.
3.6. A Qualified School
District that applies for a loan through the REEES Loan Program for a Renewable
Energy Project shall contact its local electrical utility and request the
utility, at the utility's discretion, to appoint a representative of the
utility on the Qualified School District's Renewable Energy Project
Team.
3.7. In the event of an
unfunded project, the Applicant may resubmit in future application
cycles.
Notes
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