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.