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GOBIERNO DE PUERTO RICO CERTIFICACION De conformidad con lo dispuesto en la Seccién 2.13 de la Ley Num. 170 de 12 de agosto de 1988, segin enmendada, conocida como la “ley de Procedimiento Administrativo Uniforme", por la presente certifico que el interés pUblico requiere que el Reglamento de Préstamos Rotalivos del Programa de Asuntos Energéticos ("Reglamento") aprobado por la Junta de Directores de la Autoridad para el Financiamiento de Ia Infraestructura de Puerto Rico e| 25 de mayo de 2010, entre en vigor inmediatamente. EI Reglamento es necesario para agilizar el tramite de préstamos “verdes” a pequefias y medianas empresas bajo el Subprograma de Préstamos Rolativos con el fin de incentivar fa compra e instalacién de sistemas de energia renovable y faclitar la conversion de edificios y su uso eficiente de energia. En San Juan, Puerto Rico, hoy 4 de junio de 2010. Luis @ Fortuni Gobernador BANCO DE fo | DESARROLLO ECONOMICO PUERTO RICO INFRASTRUCTURE. \ PUERTO RICO FINANCING AUTHORITY GOBIERNO DE PUERTO RICO eons ot Put eo GOVERNMENT OF PUERTO RICO PUERTO RICO INFRASTRUCTURE FINANCING AUTHORITY ECONOMIC DEVELOPMENT BANK FOR PUERTO RICO AMERICAN RECOVERY AND REINVESTMENT ACT STATE ENERGY PROGRAM REVOLVING LOAN PROGRAM REGULATION Ve Puerto Rico Infrastructure Financing Authority Economic Development Bank for Puerto Rico TABLE OF CONTENTS CHAPTER ONE INTRODUCTION AND BACKGROUND ........0-205 I. Title and Introduction II, Legal Basis ....., TIT, Purpose ..... 00.04, eee IV. Applicability .. Becca eet v. Definitions . eete | VI. Other Generally Applicable Provisions . 6.1, Aapplications....... + hoan Application Documents.......0. 2 3. Joint Evaluation Committee...... +4, Selection Process..... 5 6 + Additional Conditiona + Payback . 7, Safety .. 8. Proper Disposal... +9. New Equipment ...... u z 0, Proven Technology... 1, Warranties........ 6.12, Installations....... 6.13. Permanence . 6.14, Inspectors and Energy auditors. ..........35 6.15. New Projects ...... encase: 6.16. Deed or Contractual Restrictions .......36 6.17. Tenants....-.seeee ee ‘ 6.18. Other Grants or Assistance. 6:19 H PREPAC Batis eyes: 6.20. Location..... 6.21, Insurance Requirements .... 6.22. Fraud and Non Compliance ... 6.23. Davis Bacon Act ...seseseeee 6.24. Buy American. 6.25, ARRA Prohibited Projects 6.26. Unforeseeable Circuitstances ... 6.27. Code of Ethics for Contractors, Service Providers and Applicants for Economic Incentives . 6.28. Government Certifications . 6.29. Final Determination of Loan Amounts .....41 6.30, Failed Inspections Processes ............ 42 American Rocovery and Reinvestment Act of 2009--state Bnorgy Progra 2 Revolving Loan Program Reguiation Puerto Rico Infrastructure Financing Authority Econonic Development Bank for Puerto Rico CHAPTER TWO BUILDING ENERGY EFFICIENCY RETROFIT PROJECTS .....e eee Peeparnane it ‘Type of Awards .. 44 II, Definitions... 44 HII, Bligibility.... eee 45 IV. Exclusions and Restrictions... +46 v. Ineligible Facilities . 46 VI. Bligible Retrofit Measures... 47 VII. Ineligible Retrofit Measures. eee tieao VIII. Bligible Project costs ........seeeeee vere eee SO IX. Energy Audit Requiroments.... Ree eto CHAPTER THREE RENEWABLE ENERGY PROJECTS .. Aes. 1. Type of Awards w...eseee eee Recs. Tis Datinitaone since se seen BS UII, Eligibility... eerie Patebe IV. Requirements for Equipment, Components and installers terre erotnat titan ST v. Exclusions and Restrictions. sheen 5D VI. Eligible Project Costs ..... flee +61 CHAPTER FOUR OTHER PROVISIONS AND EFFECTIVENESS ...... 63 I Interpretation ...., eect cee bl II. Filing of Complaints . settee eeeeene 64 III. Effectiveness ........ Pparennnere | Anerican Recovery and Reinvestment Act of 2009--aiate neray Program 3 Bavolving Lean vrogram Regulation Chapter one INTRODUCTION AND BACKGROUND Title and Introduction This regulation shall be known as the “SEP Revolving Loan Program Regulation.” The Puerto Rico Infrastructure Financing Authority (AFI, for ite Spanish actonym) was created with the purpose of assisting other infrastructure government entities to finance and develop their capital improvement programs and other _—_ infrastructure Projects. Since its creation in 1988, AFI has developed knowledge and expertise in managing Projects throughout Puerto Rico, AFI has also developed sufficient expertise in financing these projects On March 9, 2009, Act No. 8 (Act No, 8) was enacted to amend AFI’s organic act and designate AFI as the government entity in charge of implementing in Puerto Rico the American Recovery and Reinvestment Act of 2009 (ARRA). ARRA was signed into law by President Barack Obama to preserve and create jobs and promote economic recovery; to assist those most impacted by Puerto Rico Infrastructure Financing Authority Economic Development Bank for Puerto Rico the recession; to provide investments needed to inerease economic. ~—=s efficiency by —_— spurring technological advances in science and health: to invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits; and, to stabilize State and Local government budgets in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases. As part of the obligations of AFI under Act No. 8 in implementing ARRA in Puerto Rico, AFI has the duty to ensure the maximization of the funds to be received by Puerto Rico and to take all necessary steps to comply with ARRA and any terms and conditions imposed by particular grants allocated to Puerto Rico, including attaining full transparency in the use of the funds. One of the programs under which Puerto Rico has xeceived ARRA funds is the State Energy Program (ARRA-SEP) administered by the United states Department of Energy (DOE). ‘the goals established for ‘the ARRA-SEP are American Recovery and Rasavestmont Act of 2009--state Energy Progran, 5 Revolving Loan Program Regulation Puerto Rico Infrastructure Financing Authority Beonomic Development Bank for Puerto Rico 1, Increase energy efficiency to xeduce energy costs and consumption for consumers, businesses and government. 2, Increase energy generation from renewable sources. 3. Reduce reliance on imported energy. 4, Improve the reliability of electricity and fuel supply and the delivery of energy services. 5. Reduce the impacts on the environment of energy production and use, including, xeducing greenhouse gas emission. 6, Stimulate the creation and retention of jobs. Under this program, the Puerto Rico Energy Affairs Administration (EAA) has created the Revolving Loan Program to distribute loans to small and mid-sized entrepreneurs and business organizations (for profit and-not for profit) to incentivize the purchase and installation of solar energy systems, wind energy systems, and for the retrofitting of buildings to make them more energy efficient. american Recovery and Reinvestment Act of 2008-~state Energy Program 6 Revolving Lean Progam Ragulation Puerto Rico Infrastructure Financing Authority Econenic Development Bank for Puerto Rico The Economic Development Bank for Puerto Rico (EDBPR) was created pursuant to the Puerto Rico Economic Development Bank Act No. 22 of July 24, 1985, as amended. EDBPR is a public instrumentality of the Government of Puerto Rico and its statutory purpose is to promote the development of the private sector of the economy of Puerto Rico by granting direct loans, loan guarantees, loan participations and/or direct investments, to small and mid-sized entrepreneurs or business organizations in the areas of manufacture, agriculture, trade, tourism and other services, among others. EDBPR as subgrantee of the EAA, will receive approximately $4,840,500 for the loan program included in this Regulation. This Regulation is one of the steps in the implementation process to facilitate the achievement of the goals mentioned above. II. Legal Basis These guidelines are issued in accordance with and pursuant to the powers conferred to EDBPR and AFI under Section 7 of Act No. 22 of duly 24, 1985, Act American Recovery and Reinvestaent Act of 2003~-state Energy Program ’ Ravolving Loan Progeass Reguintion

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