W. Va. Code R. § 133-50-6

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 133-50-6 - Applications

6.1. The Commission will begin taking applications for the initial loans July 1, 2009 and the application period will remain open until December 31, 2009.

6.2. Approved applications not funded after the initial evaluations shall remain active and will be reconsidered as funds become available.

6.3. Institutions will be notified when additional funds become available and may update existing loan applications at that time or submit additional applications.

6.4. Applications shall be made for loans of no less that $50,000 nor more than $1 million.

6.5. During the first year of the program, only one application from each institution will be funded unless all available funds are not utilized.

6.6. The application shall include, at the least:

6.6.1. A detailed description of the energy and water conservation measure(s), including location, start date, anticipated completion date, cost, and method of construction, renovation or upgrade;

6.6.2. Calculations demonstrating the amount of savings anticipated and the required payback period;

6.6.3. Certification by a qualified provider or consultant that the savings' calculations and payback projections are accurate and reasonable;

6.6.4. The amount of loan sought;

6.6.5. The amount of institutional funds, including federal and other funds legally available for this purpose, if any, that will also be dedicated to the project; and

6.6.6. Proposed repayment schedule based upon payments being generated from realized savings.

W. Va. Code R. § 133-50-6