|Notice of Request for Applications Posted on Texas Register||April 27, 2012 after 10 a.m. CT|
|Issuance of Request for Application on Electronic State Business Daily||April 27, 2012 after 10 a.m. CT|
|Non-Mandatory Letters of Intent/Submission of Questions Due||May 4, 2012 at 2 p.m. CT|
|Official Responses to Questions Posted||May 11, 2012, or as soon thereafter as practical|
|Application Deadline||June 8, 2012 at 2 p.m. CT|
|Loan Commitment/Loan Award/Contract Execution||July 13, 2012, or as soon thereafter as practical|
|*Dates may be subject to change
If you’re looking for information related to the American Recovery and Reinvestment Act, please refer to our SECO Stimulus Funds section.
The Comptroller of Public Accounts (Comptroller) State Energy Conservation Office (SECO) will provide low interest loans to assist selected public entities in financing their energy-related cost-reduction efforts utilizing the LoanSTAR revolving loan program.
Purpose of Loan Funding: The Texas LoanSTAR (Saving Taxes and Resources) Program finances energy-related cost-reduction retrofits for state, public school district, public college, public university, and tax-district supported public hospital facilities. Low interest rate loans are provided to assist those institutions in financing their energy-related cost-reduction efforts. The program’s revolving loan mechanism allows applicants to repay loans through the stream of energy cost savings realized from the projects. All loan disbursements are on a reimbursement basis.
Budget Allocation (Amount Available to Award): $26 million
Maximum loan size per application: $5 million
Loan interest rate: 2.5% per annum
Who Qualifies: Texas cities, counties, independent school districts, state agencies, public institutions of higher education, and tax-district supported public hospital facilities.
Selection Process: Competitive based largely on the following considerations.
Deadline Information: This RFA notice was published on the SECO website and also posted to the Electronic State Business Daily (ESBD) after 10:00 a.m. Central Time (CT) on Friday, April 27, 2012.
All written inquiries, questions, and Non-mandatory Letters of Intent must be received at the above-referenced address, also called Issuing Office, not later than 2:00 p.m. (CT) on Friday, May 4, 2012.
Applications must be delivered to the Issuing Office to the attention of the Texas Comptroller of Public Accounts; Assistant General Counsel, Contracts; Attn: Clay Harris no later than 2:00 p.m. (CT), on Friday, June 8, 2012.