{"data":{"id":"us-ar/ark.-code-ann.-8-15-114","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 8-15-114","heading":"Program guidelines","body":"The board of directors of a property assessed energy improvement district, together with any third-party administrator it may select, shall determine: (1) The guidelines of the PACE program, including without limitation that: (A) The base energy performance evaluation shall be completed by a certified and qualified energy evaluation professional to determine existing energy use and options for improved energy efficiency; (B) The approved improvements create a positive cash flow; (C) Work shall be performed by qualified and certified contractors in the field of energy efficiency and methods of renewable energy installation; (D) Performance testing and verification shall be performed by a qualified professional after the work is completed; (E) Adequate consumer protections are in place; and (F) The applicable underwriting standards for the participants in the program are established; (2) The qualifications of the vendors performing installations under this chapter; (3) The mechanisms by which the district will remit the received special assessment payments and any cost reimbursement; and (4) Any other matters necessary to implement and administer the program. Amended by Act 2015, No. 1162,§ 6, eff. 7/22/2015. Added by Act 2013, No. 1074,§ 1, eff. 8/16/2013.\n\nThe board of directors of a property assessed energy improvement district, together with any third-party administrator it may select, shall determine:\n\n(1) The guidelines of the PACE program, including without limitation that: (A) The base energy performance evaluation shall be completed by a certified and qualified energy evaluation professional to determine existing energy use and options for improved energy efficiency; (B) The approved improvements create a positive cash flow; (C) Work shall be performed by qualified and certified contractors in the field of energy efficiency and methods of renewable energy installation; (D) Performance testing and verification shall be performed by a qualified professional after the work is completed; (E) Adequate consumer protections are in place; and (F) The applicable underwriting standards for the participants in the program are established;\n\n(A) The base energy performance evaluation shall be completed by a certified and qualified energy evaluation professional to determine existing energy use and options for improved energy efficiency;\n\n(B) The approved improvements create a positive cash flow;\n\n(C) Work shall be performed by qualified and certified contractors in the field of energy efficiency and methods of renewable energy installation;\n\n(D) Performance testing and verification shall be performed by a qualified professional after the work is completed;\n\n(E) Adequate consumer protections are in place; and\n\n(F) The applicable underwriting standards for the participants in the program are established;\n\n(2) The qualifications of the vendors performing installations under this chapter;\n\n(3) The mechanisms by which the district will remit the received special assessment payments and any cost reimbursement; and\n\n(4) Any other matters necessary to implement and administer the program.","path":["AR Code","Title 8","Chapter 15"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"022522cd3ca2fa87d26b17772baa33e1278b9f117e502851a18a5c8535c0b935","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-8-15-113","next":"us-ar/ark.-code-ann.-8-15-115"},"notice":"GroundRules: Original legal text. Not legal advice."}