Sustainable Building Design Revolving Loan Fund

Summary

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:

1. Building exterior weatherization, air sealing, or thermal efficiency
2. Increase or improvement in building insulation
3. Door, wind, or skylight replacement
4. Lighting technology upgrades, or reduction of the number of fixtures
5. Heating, ventilation, heat recovery, steam system and air conditioning (HVACR) replacements
6. Improvements to energy control systems/sensors
7. VFD motors and other energy efficiency projects
8. Renewable energy technology limited to- Thermal (20 kW or smaller), Solar Hot Water (sized to the building), Ground Source Heat Pump (5.5 ton or smaller), Combined Heat and Power (sized to the building), and Biomass Thermal (3MMBTU or less with BACT installed)

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.