Section 469B.270 - Definitions for ORS 315.331 and 469B.270 to 469B.306 As used in ORS 315.331 and 469B.270 to 469B.306:
(1) "Cost" means the capital costs and expenses necessarily incurred in the acquisition, erection, construction and installation of an energy conservation project.(2) "Energy conservation project" means any capital investment for which the first year energy savings yields a simple payback period of greater than three years. "Energy conservation project" does not include:(a) Recycling equipment, products and projects;(b) Transportation projects;(c) Energy recovery as that term is defined in ORS 459.005; or(d) Alternative fuel vehicles.(3) "Four globes" means the highest of four tiers of ratings for certification in the Green Globes program rating system.(4) "Green Globes program" means a building guidance and assessment program to advance overall environmental performance and sustainability of commercial buildings established by the Green Building Initiative.(5)(a) "LEED" means the Leadership in Energy and Environmental Design rating system for certification of energy-efficient and environmentally sustainable buildings established by the U.S. Green Building Council.(b) "LEED Platinum" means the highest of four tiers of standards for certification in the LEED rating system.