Tenn. Comp. R. & Regs. 0400-60-05-.03

Current through October 22, 2024

Section 0400-60-05-.03 - DEFINITIONS

The following definitions shall apply to these rules.

(1) "Applicant" means any county, metropolitan or municipal government that submits an application to TDEC for program loan funds.

(2) "Distressed County" means any county listed by the Department of Economic and Community Development as being economically distressed in accordance with criteria established by the Department of Economic and Community Development for county per capita income and average unemployment rate.

(3) "Energy Efficiency Measure" means any structural modification or equipment change out that reduces energy costs in a facility,

(4) "Local Government" means any Tennessee county, metropolitan or municipal government.

(5) "Net Present Value" means the dollar figure that is obtained by totaling the annual energy savings, which has been discounted at a rate equal to the loan interest rate as established by TDEC, and subtracting the total cost of the energy efficiency measure.

(6) "Program" means the Local Government Energy Efficiency Loan Program.

(7) "TDEC" means the Tennessee Department of Environment and Conservation.

Tenn. Comp. R. & Regs. 0400-60-05-.03

Original rules filed January 17, 2017; effective 4/17/2017. Rule renumbered from 0500-03-05.

Authority: T.C.A. §§ 4-3-510 through 4-3-515, 4-5-201 et seq., 11-1-101, and Governor Haslam's Executive Order Number 25.