Minnesota Administrative Rules

7607.0160 MONITORING MUNICIPAL ENERGY LOANS, REPORTS.

Subpart 1.

In general.

A municipality that receives a loan from the authority shall submit the reports listed in subparts 2 to 5.

Subp. 2.

Annual project status report.

The municipality shall submit to the authority, on forms provided by the authority, an annual project status report covering the period from July 1 to June 30. This report is due each July 31 until the project is completed. The project status report must indicate the progress of the implementation of the measures funded, problems encountered, the effect of the problems on the project, and the corrective action taken. If at any time the municipality fails to substantially comply with the start and end dates given in the loan application as approved, and if the municipality cannot reasonably justify to the authority its lack of progress, the entire loan amount may become due and payable at the discretion of the authority.

Subp. 3.

Quarterly financial report.

A municipality shall submit to the authority, on forms provided by the authority, a quarterly financial status report that indicates expenditures of loan funds through the last date of each quarter. This report is due within 30 days of the end of each calendar quarter until the project is completed.

Subp. 4.

Final report.

Within 60 days of the completion of the project, the municipality shall submit to the authority, on forms provided by the authority, a final project status report and a financial status report that gives actual expenditures of the measures implemented.

Subp. 5.

Annual energy report.

The municipality shall submit to the commissioner of commerce, on forms provided by the authority, an annual energy use and energy expenditure report by fuel type. The report is due each October 31 for the duration of the loan contract period, or for a minimum of three years after project completion if the loan is paid in less than three years, unless the authority cancels this requirement before the end of the loan contract period.

Statutory Authority:

MS s 446A.11

History:

13 SR 1922; L 1993 c 327 s 15; L 2001 1Sp4 art 6 s 1

Published Electronically:

January 19, 2005