2018 Arkansas Code
Title 8 - Environmental Law
Chapter 15 - Property Assessed Clean Energy Act
§ 8-15-114. Program guidelines

Universal Citation: AR Code § 8-15-114 (2018)
  • The board of directors of a district, together with any third-party administrator it may select, shall determine:
  • (1) The guidelines of the PACE program, including without limitation that:

    • (A) The base energy performance evaluation shall be completed by a certified and qualified energy evaluation professional to determine existing energy use and options for improved energy efficiency;

    • (B) The approved improvements create a positive cash flow;

    • (C) Work shall be performed by qualified and certified contractors in the field of energy efficiency and methods of renewable energy installation;

    • (D) Performance testing and verification shall be performed by a qualified professional after the work is completed;

    • (E) Adequate consumer protections are in place; and

    • (F) The applicable underwriting standards for the participants in the program are established;

  • (2) The qualifications of the vendors performing installations under this chapter;

  • (3) The mechanisms by which the district will remit the received special assessment payments and any cost reimbursement; and

  • (4) Any other matters necessary to implement and administer the PACE program.

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