1 CCR 301-85-7 - Availability and Oversight

7.1. All Financial Assistance awarded is expressly conditioned on the availability of funds.

7.2. Oversight

7.2.1. Applicants shall submit a written progress report to the Office by June 30th of each year, on a form provided by the Office for each loan received which has not been closed out.

7.2.2. When a Qualified School District completes a project it must submit a final project report to the Office in the format required by the Office. Once the final report is submitted and final payment is made, the loan shall be considered closed.

7.2.3. The Office may make site visits to review project progress or to review a completed project;

7.2.4. The Office may require a Qualified School District to hire additional independent professional management to represent the applicant's interests, if the Office deems it necessary due to the size of the project, the complexity of the project, or the school district's ability to manage the project with their Renewable Energy Project Team. The cost of the independent professional management shall be paid by the School Districts out of the Loan.

Notes

1 CCR 301-85-7

38 CR 01, January 10, 2015, effective 1/30/2015