older explanation of the RLF
The Revolving Loan Fund (RLF) was set up as a funding source for utility conservation projects with less than ten-year payback periods. These can include steam, electricity, chilled water, or water reduction projects, and the savings from utility costs are paid back annually to replenish the fund.
This fund was originally called for in the 2010 iCAP, as the “clean energy fund.” It was established in 2012, with funding from the SSC and the Provost. Within the first year, the President’s Office committed additional funds. According to the RLF 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 additional commitments from the SSC, in the future.