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.
The ECBS Objective 4 Subcommittee held its first meeting on Tuesday, February 9. Discussion revolved around the issue of tying all existing campus engagement programs (e.g., ECIP, Certified Green Office Program, revolving loan fund, etc.) together into one campus-wide brand.
Evan De Lucia and Allan Stratman agreed to fund Nishant Makhijani for the Spring [2015] semester and allocate $750k to the RLF Program.
An email containing more information is attached below.
F&S is working with Shoshana Blank, the Senior Research Fellow & GRITS Project Lead at the Sustainable Endowments Institute, on a trial tracking and reporting system for the Revolving Loan Fund (RLF). Mike Marquissee is entering some historical data in to the system. F&S is also sharing access to the trial site with the Student Sustainability Committee (SSC) Program Advisor, Micah Kenfield.
see file
I have realigned the way we account for projects in AiM, so each RLF will need to have a specific AiM account number that maps to a banner plant fund. As soon as I can transfer the open work orders off of MY862-Revolving Loan Fund, I will inactivate that account number.
Hi Morgan and Mike,
It was great to speak with you both today and learn more about the revolving loan fund at UIUC. Your green revolving fund would be well-fit for the Billion Dollar Green Challenge.
I have attached an information packet with all you need to know about The Challenge. If you want to sign-on to The Challenge, sign page 15. If UIUC has a $2 million revolving fund, it would cost $1,000 a year to be on The Challenge.
I also attached the document with estimated lifespans for various energy efficiency equipment.
Dear Revolving Loan Fund Selection Committee,
RLF Selection committee formed and emailed for step one of this process. see attachments.
Dear Mike,
The Student Sustainability Committee recently decided to fund a project entitled "Energy Shade Curtains - Phase III" for the Plant Care Facility in the amount of $71,000. The project aims to install and program new shade curtains to decrease unnecessary overuse of energy to heat, cool, and power greenhouse rooms. An earlier phase of this project included detailed metering, which demonstrated a 50% reduction in heat inputs and a 32% reduction in electricity consumption.
Launch of GRITS 1.0
On Earth Day, the Sustainable Endowments Institute will be launching the Green Revolving Investment Tracking System (GRITS) 1.0, a tool that streamlines tracking and calculation of project-level energy, financial and carbon data for sustainability and efficiency investments. On April 17, we will host a special webinar to provide a preview of GRITS 1.0 and the GRITS Affiliates program before its public launch (April 22). For information on the webinar and the GRITS Affiliates program, please see below for more details and how to register.
Revolving Loan Fund Selection Committee,
Thank you to all who participated in the special vote. We received a majority vote of four “yes” responses, so the project is accepted. Our Business Office will get the MOU written and we will move forward with the work very soon. The terms of the loan will be outlined in the MOU and will be in accordance with the signed agreement dated 12/03/2015.
Again, thank you to all who participated and we’ll be in contact with you very soon regarding the next selection meeting.
Josh Whitson
Funding available for FY14 Revolving Loan Fund allocation is $1,470,166.55.
The FY14 Revolving Loan Fund (RLF) selection process has recently begun. The RLF can fund medium payback utility conservation projects, involving energy, water, or chilled water on campus (Examples of RLF projects are the campus lighting retrofit and the installation of occupancy sensors). Launched in 2011 as a part of the Illinois Climate Action Plan (iCAP), the RLF fully funds projects and is paid back over time from the associated cost avoidance. Details about the RLF can be found on the iCAP Portal and in the attached fact sheet.
When Auxiliaries have projects funded by the Revolving Loan Fund, they first sign this MOU with the F&S Utilities and Energy Services unit. That way, the Utilities and Energy Services staff can make the appropriate payback transfers each year for that specific agreement.
Mike Marquissee confirmed the funding available for allocation in FY13 is $250,000. Doris Reeser stated that there will be no AFMFA allocation meeting this year. It was decided that the call for proposals should wait until there is at least $1M to allocate from this fund. Therefore, there will not be a selection process during FY13.
President Hogan agreed to contribute $750,000 to the Revolving Loan Fund.
These projects were selected for FY12 RLF funding, in this priority order:
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Lighting Retrofits
RLF Requested: $1,500,000
After a thorough discussion and creation process, the attached Revolving Loan Fund agreement was signed by the appropriate stakeholders.
