Duties of program loan recipients
Compiled text through May 15, 2022
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- May 15, 2022
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
The approved applicant must use the program loan proceeds to finance the implementation of the energy conservation improvement projects approved by the Energy Office.
The approved applicant must complete the approved energy conservation improvement project within six months of the program loan closing. The Energy Office may extend the deadline for completion of the project where the applicant has demonstrated reasonable cause for the delay.
Within 45 days of completion of the energy conservation improvement project, the approved applicant must provide the Energy Office with a certificate of completion signed by the approved applicant and the contractor certifying that the energy conservation improvement project was completed in accordance with the descriptions and cost estimates provided to the Energy Office.
The approved applicant must provide the Energy Office, or its designated agents, with reasonable access to the project site before, during, and after the construction phase of the energy conservation improvement project in order to monitor and inspect the work being undertaken with the program loan proceeds.
The approved applicant must perform all work in compliance with all applicable Federal, State, and local laws, rules and regulations. Prior to the commencement of work, the approved applicant must obtain all permits, certificates and approvals which may be required in connection with the performance and completion of the work.
The approved applicant must retain for a period of three years after the date of closing on the program loan all cancelled checks, receipts, and contracts used in connection with the work on the energy conservation improvement project, and must produce them at the request of the Energy Office for the purpose of verifying the cost of the energy conservation improvement project.
If the approved applicant fails to comply with the requirements of this Part, the approved applicant may be disqualified from participating in the program and may be required to reimburse the Energy Office for all or a portion of the interest subsidy which the Energy Office determines has been applied against the approved applicant's program loan.