1 Colo. Code Regs. § 301-85-3

Current through Register Vol. 47, No. 22, November 25, 2024

Section 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.

1 CCR 301-85-3

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