[§201-20]  Building energy efficiencyrevolving loan fund.  (a)  There is established in the state treasury thebuilding energy efficiency revolving loan fund which shall be administered bythe department, and into which shall be deposited:

(1)  Funds from federal, state, county, private, orother funding sources;

(2)  Moneys received as repayment of loans andinterest payments; and

(3)  Any fees collected by the department under thissection.

(b)  Moneys in the building energy efficiencyrevolving loan fund shall be used to provide low or no interest loans or otherauthorized financial assistance to eligible public, private, and nonprofitborrowers to make energy efficiency improvements in buildings.  Moneys from thefund may be used to cover administrative and legal costs of fund management andmanagement associated with individual loans, to include personnel, services,technical assistance, data collection and reporting, materials, equipment, andtravel for the purposes of this section.

(c)  Appropriations or authorizations from thefund shall be expended by the department.  The department may contract withother public or private entities for the provision of all or a portion of theservices necessary for the administration and implementation of the loan fundprogram.  The department may set fees or charges for fund management andtechnical site assistance provided under this section.  The department mayadopt rules pursuant to chapter 91 to carry out the purposes of this section.

(d)  All interest earned on the deposit orinvestment of the moneys in the fund shall become a part of the fund.

(e)  The department may establish subaccountswithin the fund as necessary. [L 2009, c 155, §12]