As used in this subchapter:
(1) "Bonds" means bonds, notes, certificates, financing leases, or other interest-bearing instruments or evidences of indebtedness that are issued under this subchapter;
(2) "Chief executive officer" means the chief executive officer of a municipality or the county judge of a county;
(3) "County" means a county in the State of Arkansas;
(4) "Energy efficiency project" means:
(A) A new facility that is designed to reduce the consumption of energy or natural resources or result in operating cost savings as a result of changes that:
(i) Do not degrade the level of service or working conditions;
(ii) Are measurable and verifiable under the International Performance Measurement and Verification Protocol, as adopted by the Arkansas Energy Office in the rules required under § 19-11-1207; and
(iii) Are measured and verified by an audit performed by an independent engineer or by a qualified provider, including the vendor providing the energy efficiency project; or
(B) An existing facility alteration that is designed to reduce the consumption of energy or natural resources or result in operating cost savings as a result of changes that conform with subdivisions (4)(A)(i) and (ii) of this section;
(5) "Guaranteed energy cost savings contract" means a contract for the implementation of one (1) or more energy efficiency projects and services provided by a qualified provider in which the energy and cost savings achieved by the installed energy efficiency project cover all energy efficiency project costs, including financing, over a specified contract term;
(6) "Issuer" means a municipality or a county;
(7) "Legislative body" means the quorum court of a county or the council, board of directors, board of commissioners, or similar elected governing body of a city or town;
(8) "Municipality" means a city or incorporated town in the State of Arkansas;
(9) "Operating cost savings" means expenses eliminated and future replacement expenditures avoided as a result of new equipment installed or services performed;
(10) "Ordinance" means an ordinance, resolution, or other appropriate legislative enactment of a legislative body; and
(11) "Qualified provider" means the same as defined in § 19-11-1202.
Section: Previous 14-164-802 14-164-803 14-164-804 14-164-805 14-164-806 14-164-807 14-164-808 14-164-809 14-164-810 14-164-811 14-164-812 14-164-813 14-164-814 14-164-815 NextLast modified: November 15, 2016