The Underwriting Working Group, chaired by Steve Minick, Director Government Affairs
Republic Services, will meet on Friday, June 19 at 10 am CDT to discuss the following matters:
Loan to assessed value ratio:
Review percentage (currently 20%), compare best practices in other states, and review factors required for variance
Refinancing/Look back provisions:
Texas PACE Act
requires that qualified measures are
intended
to save energy or water, etc. Establishing intent is required before measures can be qualified (December 2017 guidance). Review guidance and compare best practices in other states regarding whether an appropriate limit to the amount of time allotted between installation and refinancing should be established.
Undeveloped lots and lots undergoing development:
review whether the reference to type of previous development in December 2017 guidance is necessary.
The Technical Standards Working Group, chaired by Eddy Trevino, Director, State Energy Conservation Office (SECO), will meet on Friday, June 19 at 2:30 pm CDT to discuss the following updates to the Technical Standards Manual ©:
Recent updates to SECO’s LoanSTAR program technical Standards
: Review and seek consistency in updates and best practices
Seek efficiencies
: in requirements and processes, consistent with best practices in other states and experience in Texas
Update referenced nationally accepted standards
Technical Edits
: Fix broken hyperlinks throughout, and remove dormant/abandoned resources
Lookback/refinancing and new construction scenario policies
: Identify best practices for
- Establishing baseline
- Measuring project impact/savings
Create process flow illustrations
to complement current all-narrative format.