Eligible energy efficiency and conservation programs.

CFR · 2024-01-01 · US · Title 7

(a) (1) Be developed and implemented by an Eligible borrower and applied within its service territory; (2) Consist of eligible activities and investments as provided in § 1710.406 (3) Provide for the use of State and local funds where available to supplement RUS loan funds; (4) Incorporate the applicant's policy applicable to the interconnection of distributed resources; (5) Incorporate a business plan that meets the requirements of § 1710.407; (6) Incorporate a quality assurance plan that meets the requirements of § 1710.408; (7) Demonstrate that the program can be expected to be Cost effective; (8) Demonstrate that the program will have a net positive or neutral cumulative impact on the borrower's financial condition over the time period contemplated in the analytical support documents demonstrating that the net present value of program costs incurred by the borrower are positive, pursuant to § 1710.411; (9) Demonstrate energy savings or peak demand reduction for the service territory overall; and (10) Be approved in writing by RUS prior to the investment of funds for which reimbursement will be requested. (b) (1) Loans made to Ultimate Recipients located in a rural area where — (i) The Ultimate Recipients may be wholesale or retail; (ii) The loans may be secured or unsecured; (iii) The loan receivables are owned by the Eligible Borrower; (iv) The loans are made or serviced directly by the Eligible Borrower or by a financial institution pursuant to a contractual relationshi

official document · source cfr-2024 · id 7:§ 1710.405