Annually at the conclusion of each fiscal year, but not later than October 31, each eligible institution that has received an allocation for an eligible energy project or measures pursuant to this chapter shall compute the cost of energy saved as a result of implementing an eligible energy project or measures, or bundled projects or measures, funded by the allocation. The cost shall be calculated in a manner prescribed by the commission.

(Amended by Stats. 2021, Ch. 226, Sec. 5. (AB 33) Effective January 1, 2022. Repealed as of January 1, 2028, pursuant to Section 25421.)

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Terms Used In California Public Resources Code 25414

  • Allocation: means a loan of funds by the commission pursuant to the procedures specified in this chapter. See California Public Resources Code 25411
  • Eligible energy project: means an undertaking to acquire and to install one or more eligible energy measures in a building or facility, and technical assistance in connection with that undertaking. See California Public Resources Code 25411
  • Eligible institution: means a school, hospital, public care institution, unit of local government, or tribe. See California Public Resources Code 25411
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Project: means a purpose for which an allocation may be requested and made under this chapter. See California Public Resources Code 25411
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