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Notice of Loan Fund Availability

Cool Schools & More HVAC Loan Program

Loan Documents: RFA-BE-G23-2021

Submit Loan Application

The Texas LoanSTAR Cool Schools & More Notice of Loan Fund Availability will provide low interest rate loans to assist Texas public Independent School Districts (ISDs) by financing energy-related cost-reduction HVAC and Air Treatment retrofits.

All loan disbursements are on a reimbursement basis. Borrowers repay the loans through the stream of energy cost savings realized from the retrofits.

Solicitation Details

  • Maximum loan size per application: $500,000
  • One loan per ISD (additional applications from the same ISD will be considered if funds exist after the ISDs receive consideration for one application).
  • Interest rate is 0.25%.
  • The loan repayment term is twelve (12) years.
  • Loan repayments will be made on a quarterly basis.

Funding Sources

Cool Schools & More funding is provided with American Recovery and Reinvestment Act (ARRA) funds. ARRA-funded loans require additional reporting documentation during the term of the loan.

Schedule
Key Deadlines Date
Issuance April 16, 2021
Written Questions Due April 30, 2021 – 2 p.m. CT
Application Submission June 16, 2021– 2 p.m. CT
Contract Execution September 1, 2021

Questions

For questions regarding this RFA, email John Kyere.