LOANSTAR PROGRAM FUNDS AVAILABLE FOR TEXAS CITIES
On April 1, the State Energy Conservation Office (SECO) announced the availability of $33 million in loan money for Texas cities and other governmental entities through the Texas Loan Saving Taxes and Resources (LoanSTAR) Program. LoanSTAR Program funds can be used to finance energy-related, cost-reduction retrofits for city facilities. More specifically, the loan money may be dedicated to city projects like air conditioning replacements, lighting upgrades, energy management systems, water and wastewater plant energy improvements, and other similar projects that reduce energy or water costs for a city.
Cities that are interested in applying for a loan under the LoanSTAR Program must submit an application to SECO no later than May 16, 2011, at 2:00 p.m. For more information about the program, and to access the Notice of Loan Fund Availability and application form, please visit http://www.seco.cpa.state.tx.us/funding/nolfa/040111/.