Arkansas § 8-15-114 - Program guidelines.

§ 8-15-114. Program guidelines.

The board of directors of a property assessed energy improvement district, together with any third-party administrator it may select, shall determine: The guidelines of the PACE program, including without limitation that: 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; The approved improvements create a positive cash flow; Work shall be performed by qualified and certified contractors in the field of energy efficiency and methods of renewable energy installation; Performance testing and verification shall be performed by a qualified professional after the work is completed; Adequate consumer protections are in place; and The applicable underwriting standards for the participants in the program are established; The qualifications of the vendors performing installations under this chapter; The mechanisms by which the district will remit the received special assessment payments and any cost reimbursement; and Any other matters necessary to implement and administer the program.