Tennessee Code 68-205-108 – Authorization of direct purchase of equipment and materials
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Terms Used In Tennessee Code 68-205-108
- Financing: means financing and refinancing for qualified projects under this chapter. See Tennessee Code 68-205-102
- Property owner: means the owner or owners on title, duly recorded, of a commercial property. See Tennessee Code 68-205-102
- Qualified improvement: means a permanent improvement installed and affixed to commercial property and intended to:
(A) Decrease energy consumption or demand through the use of efficiency technologies, products, or activities that reduce or support the reduction of energy consumption. See Tennessee Code 68-205-102 - Qualified project: means a project approved by the program administrator, involving the installation or modification of a qualified improvement, including new construction or the adaptive reuse of eligible property with a qualified improvement, and including qualified improvements installed no more than two (2) years prior to the date of application. See Tennessee Code 68-205-102
The proposed financing agreement for financing a qualified project may authorize the property owner to directly purchase the related equipment and materials for the installation or modification of a qualified improvement.