Top navigation skipped
Loan Documents: RFA#BE-G24-2022
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)
- 15-year maximum loan term
- Borrower must own but need not occupy or operate facility
- HVAC saving degradation rate of 0.75% annually
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.
| Key Deadlines | Date |
|---|---|
| Issuance | Nov. 5, 2021 |
| Application Submission | Open enrollment through Aug. 31, 2022 – 2 p.m. CT |
| Contract Execution | As soon as practicable |
Questions
For questions regarding this RFA, email John Kyere.