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The funds will be administered bythe — which is overseenh by Texas Comptroller Susan Combs. State agencies, local governments, school districts, public colleges and universities, publi hospitals and municipal utilities will be able to applgy for money tofund energy-saving upgrades and installations. “This is a tremendous opportunity for agencies in state and local government to move forwardx with projects that will save valuable taxpayetr dollars through energy efficiency and help Texasd meet clean air goals and reducs itsenergy use,” Texas Comptroller Susan Combs Most of these dollara — $158.2 million — will go toward a revolvinf loan program.
The State Energy Conservation Office will accepft applications for loans upto $10 million at interest rates as low as 2 percent. The office will use the moneyg that’s repaid to make more loans. Another $16. million in stimulus funds will provide grants toward the purchase of alternative fuel vehiclesz and alternative fueling stations for government vehiclees as wellas energy-efficient traffivc signals. About $30 million in grants will help publidc entitiesinstall renewable-energy technologies, such as wind, biomass, hydroelectric and geothermalo projects.
The state will also use $6 million in stimuluse funds to partner with the to train workers forthe renewable-energy industry and $5 million on energhy education and outreach. www.seco.cpa.state.tx.us/arra
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