programs SECO

Request for Proposals

Notice of Loan Fund Availability – Cool Chillers HVAC Loan Program

Loan Documents: RFA-BE-G26-2023

The “Cool Chillers HVAC Loan Program” enables public entities to replace 12-year-old or older chillers and associated equipment. Loan recipients may include cities, counties, independent school districts, state agencies, public institutions of higher education and tax-supported public hospital districts.

Proposal Details

  • Loan applications reviewed on a first-come-first-serve basis.
  • Maximum loan amount shall not exceed $3,000,000.
  • Project construction shall be completed within twenty-four months from the contract full execution date.
  • Two loans maximum per entity.
  • Interest rate is 0.25%.
  • The loan repayment term is fifteen (15) years. There are no prepayment penalties.
  • Loan repayments will be made on a quarterly basis.

Funding Sources

Cool Chillers HVAC Loan funding is provided with American Recovery and Reinvestment Act funds. ARRA-funded loans require additional reporting documentation during the term of the loan.

Schedule of Events
Key Deadlines Date
Issuance September 2, 2022
First-Come-First-Serve Application Submission August 31, 2023 – 2 p.m. CT

Questions

For questions regarding this RFA, email Adam Mueller