- (a) The qualified energy conservation bond (QECB) allocations to Little Rock, the counties in Arkansas, and the state will be pooled together so that projects from all over the state can apply for bond financing using QECBs.
- (b) Before allocations to Little Rock or the other counties in Arkansas can be aggregated, those governmental jurisdictions must waive the right to the volume cap allocation to the Arkansas Development Finance Authority.
- (c) The authority and the Arkansas Energy Office of the Division of Environmental Quality will develop fact sheets about the QECB volume cap.
- (d) The requests for allocations will be reviewed by a state agency review team made up of staff from the authority and the Arkansas Energy Office, which team shall make recommendations.
- (e) The Volume Cap Review Committee, made up of the President of the Arkansas Development Finance Authority, Director of the Arkansas Economic Development Commission, and Secretary of the Department of Finance and Administration shall make the final determination on the requests for volume cap.
- (f) The authority will perform the required duties of administrator of the QECB volume cap allocation.