Section 870-RICR-20-00-1.2 - Purpose, Scope and ApplicabilityA. The purpose and scope of the Renewable Energy Development Fund as set forth in R.I. Gen. Laws Chapter 42-64 are as follows:1. To develop an integrated organizational structure to secure for the State of Rhode Island and its people the full benefits of cost-effective renewable energy development from diverse sources.2. The Rhode Island Commerce Corporation ("RICC") shall, in the furtherance of its responsibilities to promote and encourage economic development, establish and administer a Renewable Energy Development Fund as provided for in R.I. Gen. Laws § 39-26-7, may exercise the powers set forth in that chapter, as necessary or convenient to accomplish this purpose, and shall provide such administrative support as may be needed for the coordinated administration of the renewable energy standard as provided for in R.I. Gen. Laws Chapter 39-26 and the renewable energy program established by R.I. Gen. Laws § 39-2-1.2.3. The Corporation seeks to fulfill its legal obligations by providing and administering programs in seven (7) areas as part of the renewable energy fund: d. Pre-development Feasibility Studiese. Early Stage Commercialization870 R.I. Code R. 870-RICR-20-00-1.2
Amended effective 2/21/2019