SECTION .0200 – LOANS

 

01 NCAC 41C .0201          ELIGIBILITY

The following classes of applicants are eligible to apply

for loans:

(1)           A local government organization, nonprofit

organization, commercial or industrial business located in North Carolina that

owns the existing building or site of planned construction where the energy

conservation measures will be made, or which has a lease or management

agreement for such proposed building site or building extending beyond the term

of the loan; provided, however, that where the owner of the building authorizes

the approved energy conservation measures, the lease or management agreement

need not extend beyond the term of the loan.

(2)           A Nonprofit organization, commercial or industrial

business relocating to North Carolina that owns the site of planned

construction where the energy conservation measures will be made, or which has

a lease or management agreement for such proposed building or building site

extending beyond the term of the loan; provided, however, that where the owner

of the building or building site authorizes the approved energy conservation

measures, the lease or management agreement need not extend beyond the term of

the loan.

 

History Note:        Authority G.S. 143-345.18(b)(2a);

143-345.18(b)(3);

Eff. September 1, 2004.