Regulations of Connecticut State Agencies
Whenever used in sections 32-317-1 to 32-317-9, inclusive, of these regulations:
(1) "Adjusted Gross Income" means the total of all the adjusted gross income for federal income tax purposes of all family members residing in the dwelling unit.
(2) "Alternative Energy Device" means a wood-burning stove for space heating and any system or mechanism which uses wood, solar radiation, wind, water or geothermal resources as a source for space heating, water heating, cooling or generation of electrical energy.
(3) "Commissioner" means the Commissioner of Economic and Community Development.
(4) "Cost Effective" means the energy conservation measure that was made should cause a reduction in energy loss and provide a savings over time equivalent to the loan amount borrowed to make the improvement.
(5) "Countable Obligation" means the amount and source of additional income or debt which can be added or subtracted to the applicants total funds for qualification purposes.
(6) "Department" means the Department of Economic and Community Development.
(7) "Eligible person" means any resident of the State of Connecticut holding title to real property in Connecticut which consists of a residential property.
(8) "Energy Conservation Revolving Loan Account" means the account established and used to make loans or loan guarantees authorized by sections 32-315 to 32-318, inclusive, of the General Statutes and for expenses incurred by the Commissioner in the implementation of the program of loans and loan guarantees established by sections 32-315 to 32-318, inclusive, of the General Statutes.
(9) "Family" means one of more persons residing in the same household.
(10) "Gross Income" means the aggregate annual income of all family members residing in the dwelling unit from all sources, before any deductions.
(11) "Interest Rate Subsidy Payment" means the annual payment made by electric and gas companies which is used to subsidize the interest rates charged on loans extended under the Energy Conservation Loan Program.
(12) "Liberalized Underwriting (LU)" means a method that is used to qualify an applicant which exceeds the 39% Debt/Income Ratio and is at or below 115% median income level established and can show an energy savings of at least 10% due to and after the energy improvement has been made.
(13) "Loan" means monies provided from the Energy Conservation Revolving Loan Account to an eligible person for the purchase and installation of insulation, alternative energy devices, energy conservation materials, and replacement furnaces and boilers; or in certain electrically heated structures, for the purchase of a secondary heating system using a source of heat other than electricity, or for the conversion of a primary electric heating system using a source of heat other than electricity.
(14) "Loan Guarantee" means an agreement by the Department to guarantee a loan made by a private institution for purposes, terms and limits as covered in these regulations.
(15) "Normalized Savings" means the savings from the energy conservation measure that will result from reducing the heat loss and the excess use of oil, gas or any other fuel source used by the applicant to a normal level of usage. Normal usage is the average usage of fuel in a residential or multi-family dwelling of a similar size with the same number of units and/or an equal number of square feet per unit.
(16) "Primary Heating System" means a heating system which will satisfy all heating requirements of a dwelling unit in a residential structure.
(17) "Residential Structure" means any building in which at least two-thirds of the usable square footage is used for dwelling purposes and contains a maximum of four (4) dwelling units; a "Multi-Family Residential Structure" shall contain more than four (4) dwelling units.
(18) "Secondary Heating System" means a heating system which will satisfy only a portion of the heating requirements of a residential structure or of a dwelling used in a residential structure.
(Effective June 11, 1996)