Texas Administrative Code › Title 34 - PUBLIC FINANCE › Part 1 - COMPTROLLER OF PUBLIC ACCOUNTS › Chapter 19 - STATE ENERGY CONSERVATION OFFICE › Subchapter D - LOAN PROGRAM FOR ENERGY RETROFITS › Section 19.42 - Definitions

Current through Reg. 49, No. 28; July 12, 2024
The following words and terms, when used in this
					 subchapter, shall have the following meanings, unless the context clearly
					 indicates otherwise.
(1) Building--A
				  structure and its associated site where energy or water consumption takes
				  place.
(2) Estimated simple payback
				  period--The estimated number of years necessary for the savings from the
				  utility cost reduction measure (UCRM) improvements to equal the cost of
				  installing the improvements. The formula used in this determination is the
				  total estimated UCRM costs (including audit, metering, installation, equipment,
				  and engineering design, but excluding interest) divided by the annual estimated
				  utility cost savings. For Energy Savings Performance Contracts only, the
				  formula used in this determination is the total estimated UCRM costs (including
				  audit, metering, installation, equipment, engineering design, and interest)
				  divided by the annual estimated utility cost savings.
(3) Facility--Any major energy or water using
				  group of buildings in geographic proximity to each other or a major energy or
				  water using system that one or more public sector institutions own and
				  occupy.
(4) Interest rate--The
				  percentage of the loan amount charged on an annual basis by SECO to a borrower
				  for the use of the LoanSTAR program proceeds.
(5) Loan agreement--The written agreement
				  between an applicant and SECO that details all terms and requirements under
				  which the loan is issued, including the intended use of the loan
				  proceeds.
(6) Loan STAR
				  Program--The state Revolving Loan Program that SECO administers and which funds
				  Utility Cost Reduction Projects. The program is comprised of five elements:
				  energy and water audits, energy and water efficiency retrofits or enhancements,
				  a revolving loan financing mechanism, program monitoring, and
				  evaluation.
(7) Project cost--All
				  costs that SECO determines to be directly related to the identification,
				  design, implementation, metering, and monitoring of UCRM.
(8) Public sector institution--Any state
				  agency; community college; institution of higher education as defined in
				  Education Code, §
										61.003; unit of local
				  government including a county, city, town, or public hospital; a public school;
				  or political subdivision of the state.
(9) Utility Assessment Report (UAR)--A
				  technical report which identifies and documents energy, water, and other cost
				  saving measures. This report must be submitted to SECO by potential LoanSTAR
				  borrowers for financing approval. The UAR is prepared by a State of Texas
				  licensed professional engineer.
(10) Utility Cost Reduction Measure (UCRM)--A
				  commercially available energy efficient device, technique, or technology that
				  is designed to reduce energy consumption, peak energy demand, water consumption
				  or utility costs at an existing facility that a public sector institution owns
				  and occupies, and that is permanently affixed to the building or is permanently
				  installed on the site. Retrofit measures that result from renewable energy
				  resources are eligible UCRMs.
(11)
				  Utility Cost Reduction Project--The identification, design, installation,
				  monitoring, and evaluation of one or more energy and water efficient measures
				  that are designed to reduce energy consumption, peak energy demand, water
				  consumption, or utility cost.