programs SECO

Notice of Loan Fund Availability — LoanSTAR Program

Loan Documents: RFA#BE-G21-2019

View this Request for Application on Texas Smart Buy.

LoanSTAR Program

The Texas LoanSTAR (Saving Taxes and Resources) Revolving Loan Program provides low-interest loans to assist Texas public institutions by financing their energy-related, cost-reduction retrofit projects. Loan recipients may be cities, counties, independent school districts, state agencies, public institutions of higher education and tax-supported public hospital districts.

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

For more information, visit the LoanSTAR Program webpage.

Solicitation Details

  • Maximum loan size per application: $8 million
    • For loans funded with repaid ARRA funds, the minimum loan size is $3 million.
  • Maximum number of loans for this solicitation: three per applicant
  • Loan interest rate: 2 percent annually (1 percent for ARRA funds)

Funding Sources

LoanSTAR loans are available from its general fund at an annual rate of 2 percent or from its repaid ARRA fund at an annual rate of 1 percent. The application and technical guidelines are the same; however, ARRA-funded loans require additional reporting documentation during the term of the loan.

Applications will be reviewed on a first-come, first-served basis.

Schedule
Key Deadlines Date
Issuance Oct. 18, 2019
Application Submission Open enrollment through Aug. 31, 2020 – 2 p.m. CT
Contract Execution As soon as practicable

Questions

For questions regarding this RFA, email Eddy Trevino.