Vermont § 280dd - Loan programs administered within the Fund

§ 280dd. Loan programs administered within the Fund

• (a) The Fund shall consist of: (1) Existing sustainable energy loans made by the Authority, the Vermont Small Business
  Development Corporation, and the Vermont Agricultural Credit Corporation. (2) Sustainable energy loans originated under the following programs: (A) The Small Business Energy Efficiency Loan Program, under which the Authority provides
  loans for qualifying commercial energy efficiency improvements. (B) The Renewable Energy Loan Program, which the Authority may create to provide loans
  for qualifying renewable energy projects. (C) The Agricultural Energy Loan Program, which the Authority may create to provide loans
  for qualifying agriculture- and forest product-based sustainable energy projects. (D) The Energy Efficiency Loan Guarantee Program, which the Authority may create to provide
  loan guarantees to participating lending institutions that enroll loans for sustainable
  energy projects in the Program. (3) Programs created by the Authority pursuant to subsection (c) of this section. (b) The Fund shall be administered by the Authority and shall not be subject to 32 V.S.A. chapter 7, subchapter 5. (c) The Authority may establish: (1) New financing programs that the Authority determines are necessary to encourage and
  promote sustainable energy projects and reduce reliance upon fossil fuel sources. (2) Policies and procedures for programs within the Fund that the Authority determines
  are necessary to carry out the purposes of this subchapter. (d) For all sustainable energy loans, the Authority shall maintain records on the projected
  reductions in greenhouse gas emissions and, for energy efficiency loans, the projected
  energy savings from the financed improvements and shall provide data on the projected
  greenhouse gas emissions reductions and projected energy savings to the Department
  of Public Service, the Public Utility Commission, and the Agency of Natural Resources
  on request. The methods used for calculating and reporting this data shall be the
  same methods used in programs delivered under 30 V.S.A. § 209(d) and (e). The data provided shall be used for the purpose of tracking progress toward
  the greenhouse gas reduction goals of section 578 of this title and the building efficiency goals of section 581 of this title. (Added 2013, No. 87, § 1, eff. June 17, 2013.)