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Section 640.651 – Definitions.

Effective – 28 Aug 2018, 2 histories 640.651. Definitions. — As used in sections 640.651 to 640.686, the following terms mean: (1) “Applicant”, any school, hospital, small business, local government or other energy-using sector or entity authorized by the department through administrative rule, which submits an application for loans on financial assistance to the department; […]

Section 640.657 – Annual computation of actual energy cost savings.

Effective – 28 Aug 1995 640.657. Annual computation of actual energy cost savings. — Annually, at the conclusion of each state fiscal year, each borrower pursuant to the provisions of sections 640.651 to 640.686 shall compute the actual energy cost savings resulting from the implementation of the energy conservation project financed by the loan or […]

Section 640.660 – Loan repayment.

Effective – 28 Aug 1995 640.660. Loan repayment. — 1. Each applicant to which a loan has been made under sections 640.651 to 640.686 shall repay such loan, with interest. The rate of interest shall be the rate required by the funding source. The number, amounts and timing of the payments shall be as determined […]

Section 640.663 – Record-keeping requirements for borrowers.

Effective – 28 Aug 1995 640.663. Record-keeping requirements for borrowers. — 1. A borrower under the provisions of sections 640.651 to 640.686 shall establish on its books an energy conservation loan account. Information sufficient to indicate the receipt and expenditure of all funds authorized and allowed under the terms of the loan or other financial […]

Section 640.665 – Energy set-aside program fund.

Effective – 28 Aug 2001 640.665. Energy set-aside program fund. — 1. The state treasurer shall establish, maintain, and administer a special trust fund to be administered by the department and to be known as the “Energy Set-aside Program Fund”, from which applicants as determined by the department may seek and obtain loans and financial […]

Section 640.674 – Rulemaking authority, procedure.

Effective – 28 Aug 1995 640.674. Rulemaking authority, procedure. — 1. Under the provisions of sections 640.651 to 640.686, the department shall establish such procedures, policies and qualifications as may be necessary for the administration of sections 640.651 to 640.686. The department shall promulgate administrative rules that ensure an equitable distribution of funds among the […]

Section 640.676 – Public and private partnership agreements.

Effective – 28 Aug 1995 640.676. Public and private partnership agreements. — 1. The department director may secure other forms of financial assistance permissible by law and establish public and private partnerships with, but not limited to, financial institutions, performance contracting vendors, energy utilities and other energy providers, when such other financial assistance serves to […]

Section 640.678 – Administration of fund.

Effective – 28 Aug 1995 640.678. Administration of fund. — After three years from August 28, 1997, and every year thereafter, the department shall calculate the average unobligated balance of general revenue moneys in the fund. The department shall annually notify the state treasurer as to the amount of the average unobligated balance of general […]

Section 640.680 – Administration of program moneys from sources other than appropriations.

Effective – 28 Aug 1995 640.680. Administration of program moneys from sources other than appropriations. — All moneys from sources other than state appropriations which are specified to be used for purposes identified under the provisions of sections 640.651 to 640.686 shall be handled in the same manner as moneys received through state appropriations unless […]

Section 640.682 – Revenue bonds, purpose.

Effective – 28 Aug 1995 640.682. Revenue bonds, purpose. — The department and the authority shall have the power to issue and sell revenue bonds to provide funds for the projects including costs necessarily incidental thereto. ­­——– (L. 1995 H.B. 414)

Section 640.686 – Form, details and incidents of revenue bonds.

Effective – 28 Aug 1995 640.686. Form, details and incidents of revenue bonds. — 1. When not inconsistent with the provisions of sections 640.651 to 640.686, the department and the authority, respectively, are authorized to prescribe the form, details and incidents of the bonds and to make such covenants as in their judgment may be […]