R23-30-3. Definitions

  (1) "Board" means the State Building Board.

  (2) "Energy cost payback" or "cost payback" means the period of time, generally expressed in years, that is needed for the energy cost savings of an energy efficiency project to equal the cost of the energy efficiency project. It does not include the time-value of money.

  (3) "Energy savings" means monies not expended by a state agency as the result of energy efficiency measures.

  (4) "Fund" means the State Facility Energy Efficiency Fund under Section 63A-5-603.

  (5) "Quarter" means a three month period beginning with one of the following dates: January 1, April 1, July 1, and October 1.

  (6) "SBEEP" means the State Building Energy Efficiency Program, a program within the Division of Facilities Construction and Management, which is required by Section 63A-5-603 to serve as staff to the revolving loan program associated with the State Facilities Energy Efficiency Fund.

  (7) "DFCM" means the Division of Facilities Construction and Management.

  (8) "State Agency" means a state agency as defined in Section 63A-5-701.

  (9) "SBEEP Manager" means the designee of the DFCM Director that manages the SBEEP Program.