As used in this part:

1. (1) “Arkansas Energy Code for New Building Construction” means the most recent edition of the International Energy Conservation Code as adopted;
2. (2) “AEO” means the Arkansas Energy Office of the Division of Environmental Quality;
3. (3) “Agency” means any state agency, board, or commission;
4. (4) “BAD” means the Building Authority Division;
5. (5) “BADMSC” means the Building Authority Division Minimum Standards and Criteria, 22 CAR pts. 110 — 115;

6. (6)

   1. (A) “Committee” means the Sustainable Building Design Program Review Committee as appointed by the Director of the Building Authority Division.

   2. (B) The Sustainable Building Design Program Review Committee shall consist of five (5) members:

      1. (i) Two (2) members from the Legislative Task Force on Sustainable Building Design and Practices [abolished], or their designees, as long as the Legislative Task Force on Sustainable Building Design and Practices [abolished] is in effect;
      2. (ii) One (1) agency staff member from the Arkansas Energy Office of the Division of Environmental Quality, or their designee;
      3. (iii) One (1) member from the Building Authority Division Design Review Section, or their designee; and
      4. (iv) One (1) member from the Department of Finance and Administration;
7. (7) “Director” means the Director of the Building Authority Division;
8. (8) “Energy” means electricity, natural gas, or other fuel such as methane, fuel oil, coal, or propane that is used to operate a state building’s electrical devices, lighting, heating and cooling systems, and other equipment necessary for operations;

9. (9)

   1. (A) “Energy cost savings” means the monetary value of the energy that is saved or the energy that is not consumed, as a result of an energy efficiency renovation project and is generally stated on an annualized basis for the term of the project.
   2. (B) This value is measured and based upon the life cycle costs of a project using the current edition of the Energy Price Indices and Discount Factors for Life-Cycle Cost Analysis or energy sources utilized by the building where the renovation occurs (www1.eere.energy.gov/femp/pdfs/ashb09.pdf);

10. (10)

    1. (A) “Energy efficient renovation” means any capital improvement project which consists of renovations, alterations, or repairs of existing buildings or building equipment.

    2. (B) It does not mean:

       1. (i) New construction, projects that save money solely through the switching of fuels, energy sources, or vendors, or any combination of these;
       2. (ii) Projects or measures solely intended to save money by changing the time of day or year at which energy is consumed (i.e., thermal energy storage or other peak demand reduction systems); or
       3. (iii) Upgrades to non-fixed appliances or equipment within a building such as computers, copiers, and other systems;

11. (11)

    1. (A) “Energy savings” means the combined value, in British thermal units, also known as BTUs, of all energy sources saved or not consumed as a result of an energy efficiency project.
    2. (B) For the purposes of this part, the following conversion factors are used in calculating the total energy savings: Electricity 3,412 BTU/kwh; Natural gas/methane 100,000 BTU/therm; Natural gas/methane 1,030 BTU/cu. ft.; Fuel oil 139,000 BTU/gallon; Coal 12,000 BTU/lb; Propane 91,600 BTU/gallon
12. (12) “Fund” means the Sustainable Building Design Revolving Loan Fund;

13. (13)

    1. (A) “Life cycle cost analysis”, which shall be referred to as LCCA, means an economic method of project evaluation in which all costs arising from owning, operating, maintaining, and ultimately disposing of a project are considered to be important to that decision.

    2. (B) LCCA is particularly suitable for the evaluation of building design alternatives that may have:

       1. (i) Different initial investment costs;
       2. (ii) Different operating, maintenance, and repair costs (including energy and water usage); and
       3. (iii) Possible different lives;
14. (14) “Manager” means the Sustainable Building Design Revolving Loan Fund Manager; and

15. (15) “Quarter” means the three-month period within the state fiscal year beginning with the following dates:

    1. (A) July 1;
    2. (B) October 1;
    3. (C) January 1; and
    4. (D) April 1.