Minnesota Administrative Rules

7606.0030 FINANCING ELIGIBILITY CRITERIA.

Subpart 1.

In general.

The commissioner shall approve applications from applicants and participate in financing from financing providers to applicants in compliance with parts 7606.0010 to 7606.0080 for conservation measures that have a payback of ten years or less. The commissioner shall not approve any application for which funds are not available to purchase financing participation.

Subp. 2.

Eligibility.

Funds are available to participate in financing from financing providers to applicants for:

A.

a conservation measure not previously approved under this program, unless the measure has exceeded its normal useful life;

B.

cost overruns for a previously approved conservation measure in progress, or previously unidentified but related work necessary for successfully implementing a previously approved conservation measure, provided the conservation measure as amended continues to meet the requirements of parts 7606.0010 to 7606.0080.

Subp. 3.

Prior approval required.

Except for the measures in subpart 2, item B, conservation measures for which acquisition or installation have been contracted for or begun before approval by the commissioner are ineligible. This prior approval requirement does not apply to design activities.

Subp. 4.

Useful life.

Financing participation must not be approved for buildings with a remaining useful life less than or equal to the payback of the conservation measure proposed. Financing participation must not be approved for a conservation measure if the payback of the conservation measure proposed is greater than or equal to the useful life of the measure.

Subp. 5.

New construction.

Only conservation measures for existing buildings are eligible. New construction is eligible only if it is necessary for successful implementation of a conservation measure for an existing building.

Statutory Authority:

MS s 216C.09

History:

13 SR 2762; 31 SR 1605

Published Electronically:

May 30, 2007