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Request for Applications (RFA) – LoanSTAR Program

Loan Documents: RFA#BE-G18-2017

Application
Application Information Packet
Sample Contract

LoanSTAR Program

The Texas LoanSTAR (Saving Taxes and Resources) revolving loan program provides low interest rate loans to assist Texas public institutions by financing their energy-related cost-reduction retrofit projects. Loan recipients can be cities, counties, independent school districts, state agencies, public institutions of higher education, and tax-district supported public hospitals. The public institutions must own and occupy the facilities where the retrofit projects will take place. All loan disbursements are on a reimbursement basis. Borrowers repay the loans through the stream of energy cost savings realized from the retrofit projects.

Recent Changes to the LoneSTAR Program

  • Applications will now be reviewed on a first-come first-serve basis during the open enrollment period. Applications may be submitted from Jan. 27, 2017 through Aug. 31, 2017.
  • The composite simple payback term for HVAC projects has been extended from 10 to 15 years. All projects with an HVAC UCRM cost equal to or greater than 50% of the total project cost may have a composite simple payback of up to 15 years.
  • The LoanSTAR program has two available funding sources. Loans are available from the LoanSTAR general fund at a rate of 2% per annum or from the LoanSTAR repaid ARRA fund at a rate of 1% per annum. The application and technical guidelines are the same, however, ARRA funded loans require additional reporting documentation through the term of the loan.

Solicitation Details

Loan interest rate: 2% per annum (1% for ARRA funds).
Maximum loan size per application: $7.5 million.
Maximum number of loans for this solicitation: 2 per Applicant.
Applications will be reviewed on a first-come first-serve basis. Applications that do not have MOU commitments expire Sept. 15, 2017.

Schedule

Key Deadlines Date
Issuance January 27, 2017
Application Deadline August 31, 2017 - 2 p.m. CT
Contract Execution As soon as practical

Questions

For questions regarding this RFA, contact Eddy Trevino by email or by phone at 512-463-1876.

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