The ABA Revolving Loan Fund is an interest free loan program adopted by the Arkansas General Assembly through Act 1372 of 2009. The loan program provides a funding mechanism for state agencies, boards, and commissions, including institutions of higher learning who own their own facilities and for renovations which exceed $250,000. The ABA Revolving Loan Fund was funded by a grant from the American Recovery and Reinvestment Act of 2009 (ARRA) and contributions from the State of Arkansas (Governor’s General Improvement Funds). Funds are available on a continuing bases.
Recommended projects include:
Further information is available from the Arkansas Building Authority on the RLF procedures, application and agreement requirements.
* A revolving loan program is one in which the loan repayments are added back into the fund. In this way, the loan program, in theory, may continue indefinitely.
|Incentive Type:||Loan Program|
|Administrator:||Department of Transformation & Shared Services, Division of Building Authority|
|Eligible Renewable/Other Technologies:||
|Maximum Loan:||100% project financing based on available funds|
Term of repayment cannot exceed 10 years
All equipment must be new and commercially available. Systems must meet UL, IEEE, NEC, and SRCC standards where applicable.
|Organization:||Maintenance Manager - Division of Building Au|
501 Woodlane Ave, Ste 101
Little Rock AR 72201
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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