This fund was originally called for in the 2010 iCAP, as the “clean energy fund.”  It was established in Fiscal Year 2012, with funding from the Student Sustainability Committee (SSC) and the Office of the Chancellor.  Within the first year, the Office of the President committed additional funds. 

With input from the campus community, Facilities & Services, the SSC, the Office of Sustainability, and the Office of the Chancellor worked through the details for selecting projects.  The agreement about the process was signed in November 2011.  According to the  agreement, any grant funds received for RLF projects in campus-funded utility buildings will be allocated entirely to the RLF.  Thus, the fund can grow over time.  Additionally, the campus agreed to match any future additional commitments from the SSC.

If an Auxiliary unit is interested in using the Revolving Loan Fund for a utility conservation project, a simple Memo of Understanding is needed to allow the repayment through utility savings over time.