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Arkansas Code Title 8. Environmental Law § 8-15-114. Program guidelines

Current as of March 28, 2024 | Updated by FindLaw Staff

The board of directors of a property assessed energy improvement district, together with any third-party administrator it may select, shall determine:

(1) The guidelines of the PACE program, including without limitation that:

(A) The base energy performance evaluation shall be completed by a certified and qualified energy evaluation professional to determine existing energy use and options for improved energy efficiency;

(B) The approved improvements create a positive cash flow;

(C) Work shall be performed by qualified and certified contractors in the field of energy efficiency and methods of renewable energy installation;

(D) Performance testing and verification shall be performed by a qualified professional after the work is completed;

(E) Adequate consumer protections are in place; and

(F) The applicable underwriting standards for the participants in the program are established;

(2) The qualifications of the vendors performing installations under this chapter;

(3) The mechanisms by which the district will remit the received special assessment payments and any cost reimbursement; and

(4) Any other matters necessary to implement and administer the program.

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Cite this article: FindLaw.com - Arkansas Code Title 8. Environmental Law § 8-15-114. Program guidelines - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-8-environmental-law/ar-code-sect-8-15-114/

Read this complete Arkansas Code Title 8. Environmental Law § 8-15-114. Program guidelines on Westlaw

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