Arkansas § 8-15-114 Program guidelines

Arkansas Statutes

§ 8-15-114 — Program guidelines

Arkansas § 8-15-114

Title8

This text of Arkansas § 8-15-114 (Program guidelines) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 8-15-114 (2026).

Text

The board of directors of a property assessed energy improvement district, together with any third-party administrator it may select, shall determine:

(1)The guidelines of the PACE program, including without limitation that:

(A)The base energy performance evaluation shall be completed by a certified and qualified energy evaluation professional to determine existing energy use and options for improved energy efficiency;

(B)The approved improvements create a positive cash flow;

(C)Work shall be performed by qualified and certified contractors in the field of energy efficiency and methods of renewable energy installation;

(D)Performance testing and verification shall be performed by a qualified professional after the work is completed;

(E)Adequate consumer protections are in place; and

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The board of directors of a property assessed energy improvement district, together with any third-party administrator it may select, shall determine: (1) The guidelines of the PACE program, including without limitation that: (A) The base energy performance evaluation shall be completed by a certified and qualified energy evaluation professional to determine existing energy use and options for improved energy efficiency; (B) The approved improvements create a positive cash flow; (C) Work shall be performed by qualified and certified contractors in the field of energy efficiency and methods of renewable energy installation; (D) Performance testing and verification shall be performed by a qualified professional after the work is completed; (E) Adequate consumer protections are in place; and (F) The applicable underwriting standards for the participants in the program are established; (2) The qualifications of the vendors performing installations under this chapter; (3) The mechanisms by which the district will remit the received special assessment payments and any cost reimbursement; and (4) Any other matters necessary to implement and administer the program.