2005 Missouri Revised Statutes - § 160.302. — Application, form and contents--review and selection of applications --certification by department of elementary and secondary education required.
160.302. 1. At the direction of the school board, school districts may submit an application for loan funds to the department for the purpose of financing all or a portion of the costs incurred in implementing an energy conservation project in a district owned and operated building or facility. The application shall be accompanied by a technical assistance report. The application and the technical assistance report shall be in such form and contain such information as prescribed by the department.
2. All applications shall be assigned a "payback score" derived from the application review performed by the department. Applications shall be selected for loans beginning with the lowest payback score and continuing in ascending numeric order to the highest payback score until all available loan funds have been obligated within any given application cycle. In no case shall a loan be made to finance an energy project with a payback score of less than six months or more than five years. Applications may be approved for loans only in those instances where the school district has furnished the department information satisfactory to assure that the project cost will be recovered through energy cost savings during the repayment period of the loan. In no case shall a loan be made to a district unless two-thirds of the members of the school board vote to approve the loan agreement.
3. The department of elementary and secondary education shall be provided a summary of all proposed school district projects for review within fifteen days from the application deadline. Once projects have been reviewed and selected for loans by the department of natural resources, the department of elementary and secondary education shall have thirty days to certify that those projects selected for loans are consistent with related state programs for educational facilities. No loan shall be provided to a school district until and unless the department of elementary and secondary education has issued such certification in writing to the department of natural resources.
(L. 1986 H.B. 1335 § 2)*Expiration date, see section 160.328
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