Arkansas Code
Chapter 15 - Property Assessed Clean Energy Act
§ 8-15-114. Program guidelines

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.

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