Rules and Regulations for the Efficient Building Fund Project Priority List

Regulation Authority:

R.I. Gen. Laws § 46-12.2-4.2 (as enacted in Article 14 of the 2016 Fiscal Year Budget)

Purpose and Reason:

State and local governments each have a key role to play in helping Rhode Island achieve its economic, energy, and environmental goals through strategic investments in energy efficiency and renewable energy. Such measures can present cost-effective opportunities to reduce public sector energy consumption and generate cost savings that provide relief for constrained budgets and the taxpayers who support them. Investments in no-to-low carbon clean energy resources can also create local jobs, support local businesses and reduce greenhouse gas emissions. The Rhode Island Infrastructure Bank’s (RIIB) Efficient Buildings Fund will provide technical, administrative and financial assistance to local governmental units and, to the extent eligible, state entities for energy efficiency and renewable energy upgrades to public buildings and infrastructure. The Rhode Island Office of Energy Resources (OER) shall accept applications periodically, but not less than once every calendar year. OER will review all submitted applications, which will then be evaluated, scored, ranked and incorporated into a Project Priority List in accordance with the Rules and Regulations. OER shall provide the Project Priority List to RIIB, which will be used by RIIB to determine the order in which financial assistance shall be provided. All financing requirements shall be governed by RIIB Efficient Buildings Fund Policies and Procedures.