1 CCR 301-85-4 - Permissible Uses of Loans
4.1. A
Qualified School District that receives a loan through the REEES Loan Program
shall use the moneys received to pay for technical assistance, equipment, or
installation costs associated with a Renewable Energy Project or an Energy
Efficiency Project.
4.2 A Qualified
School District that receives a loan through the REEES Loan Program may use
moneys it receives for a Renewable Energy Project or Energy Efficiency Project
to finance the acquisition of a Renewable Energy Project that is located on the
school premises and, if it generates electricity, is interconnected on the
customer side of the utility meter in accordance with interconnection standards
adopted by the public utilities commission. Such a project may incorporate or
consist of third party ownership, as authorized under §
24-38.7-201, et
seq., through §
24-38.7-203, et
seq., C.R.S., or an interest in a community solar garden as defined in
§
40-2-127, C.R.S.
4.3. A Qualified School District may apply
for a loan from the REEES Loan Program for a Renewable Energy Project or an
Energy Efficiency Project that is located at a charter school of the school
district.
Notes
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