Approval of application.
The administrator shall review the property owner’s application and, if it finds that the application satisfies all requirements, shall enter into a loan, or other, agreement with the property owner. The property owner may request in the loan application that the Energy Efficiency Loan include an amount equal to all or part of the cost of the Energy Efficiency Audit. If the amount requested is reasonable, the administrator shall include the amount in the Energy Efficiency Loan. Before entering into an Energy Efficiency Loan Agreement with a property owner, the administrator shall verify, based upon information provided in the property owner’s application, that the value of the savings from the installation of the Energy Efficiency Improvements is reasonably expected to exceed the amount of the principal of, and interest on, the Energy Efficiency Loan, including any cost of the Energy Efficiency Audit included pursuant to subsection (b) of this section.
Annotations
May 27, 2010, D.C. Law 18-183, § 303, 57 DCR 3406 Apr. 20, 2013, D.C. Law 19-262, § 102(h), 60 DCR 1300 For temporary (90 day) addition, see § 204 of Energy Efficiency Emergency Act of 2009 (D.C. Act 18-324, March 1, 2010, 57 DCR 1851). Section 402(b) of D.C. Law 18-156 provided that the act shall expire after 225 days of its having taken effect. Section 204 of D.C. Law 18-156 added a section to read as follows: “Sec. 204. Approval of application. The administrator shall review the property owner’s application and, if it finds that the application satisfies all requirements, shall enter into a loan, or other, agreement with the property owner. The 2013 amendment by D.C. Law 19-262 substituted “an Energy Efficiency Loan Agreement with a property owner, the administrator shall verify, based upon information provided in the property owner’s application, that the value of the savings from” for “a loan, or other, agreement with a property owner, the administrator shall verify, based upon information provided in the property owner’s application, that the value of the energy saved by” in (c). This section is referenced in § 8-1778.42 and § 47-895.31.
Sourced from the DC Council Open Law Library (public domain).
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