Tenn. Comp. R. & Regs. 0400-60-05-.03 - DEFINITIONS
The following definitions shall apply to these rules.
(1) "Applicant" means any county,
metropolitan or municipal government that submits an application to TDEC for
program loan funds.
(2) "Distressed
County" means any county listed by the Department of Economic and Community
Development as being economically distressed in accordance with criteria
established by the Department of Economic and Community Development for county
per capita income and average unemployment rate.
(3) "Energy Efficiency Measure" means any
structural modification or equipment change out that reduces energy costs in a
facility,
(4) "Local Government"
means any Tennessee county, metropolitan or municipal government.
(5) "Net Present Value" means the dollar
figure that is obtained by totaling the annual energy savings, which has been
discounted at a rate equal to the loan interest rate as established by TDEC,
and subtracting the total cost of the energy efficiency measure.
(6) "Program" means the Local Government
Energy Efficiency Loan Program.
(7)
"TDEC" means the Tennessee Department of Environment and
Conservation.
Notes
Authority: T.C.A. ยงยง 4-3-510 through 4-3-515, 4-5-201 et seq., 11-1-101, and Governor Haslam's Executive Order Number 25.
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