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.
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.
|Issuance||Nov. 5, 2021|
|Application Submission||Open enrollment through Aug. 31, 2022 – 2 p.m. CT|
|Contract Execution||As soon as practicable|
For questions regarding this RFA, email John Kyere.