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<chapter num="05" heading="Maryland Strategic Energy Investment Fund" title_num="20" subtitle_num="61">
  <regulation prefix="Regulation" num=".01" heading="General Provisions.">
    <paragraph num="A.">
      <text>The Administration shall administer the Fund.</text>
    </paragraph>
    <paragraph num="B.">
      <text>Eligibility Criteria for Projects Supported by the Fund.</text>
      <paragraph num="(1)">
        <text>Except under §B(3) of this regulation, a project supported by the Fund shall be designed to support the creation of new Tier 1 renewable energy sources in Maryland. For purposes of this section, support may include grants for workforce development programs authorized under Labor and Employment Article, §11-708.1(c)(1), Annotated Code of Maryland.</text>
      </paragraph>
      <paragraph num="(2)">
        <text>Additional project evaluation criteria may include the following:</text>
        <paragraph num="(a)">
          <text>Technical feasibility of the project;</text>
        </paragraph>
        <paragraph num="(b)">
          <text>Technical capabilities and experience of the developer;</text>
        </paragraph>
        <paragraph num="(c)">
          <text>Financial capabilities of the developer;</text>
        </paragraph>
        <paragraph num="(d)">
          <text>Environmental impacts resulting from the construction and operation of the project;</text>
        </paragraph>
        <paragraph num="(e)">
          <text>Socioeconomic impacts associated with the construction and operation of the project;</text>
        </paragraph>
        <paragraph num="(f)">
          <text>Fuel diversity added to the portfolio of projects supported by the Fund as a whole;</text>
        </paragraph>
        <paragraph num="(g)">
          <text>Economic feasibility of the project;</text>
        </paragraph>
        <paragraph num="(h)">
          <text>Economic benefits to Maryland;</text>
        </paragraph>
        <paragraph num="(i)">
          <text>Job training and workforce development opportunities associated with the project; and</text>
        </paragraph>
        <paragraph num="(j)">
          <text>Other evaluation criteria as may be appropriate.</text>
        </paragraph>
      </paragraph>
      <paragraph num="(3)">
        <text>Monies in the Fund derived from compliance fees collected from a shortfall in meeting the required Tier 1 solar renewable energy portfolio standard under Public Utilities Article, §7-705, Annotated Code of Maryland, shall only be designated to support the creation of Level 1 and Level 2 solar renewable energy facilities.</text>
      </paragraph>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".02" heading="Annual Report to the Commission.">
    <paragraph num="A.">
      <text>The Administration shall file a report with the Commission no later than December 15 of each year, beginning December 15, 2007.</text>
    </paragraph>
    <paragraph num="B.">
      <text>The report shall detail the following as of December 1 of that year:</text>
      <paragraph num="(1)">
        <text>Number and types of RPS projects funded;</text>
      </paragraph>
      <paragraph num="(2)">
        <text>Amount of funding provided for each RPS project;</text>
      </paragraph>
      <paragraph num="(3)">
        <text>Description and status of each RPS project funded;</text>
      </paragraph>
      <paragraph num="(4)">
        <text>RECs generated from RPS projects funded;</text>
      </paragraph>
      <paragraph num="(5)">
        <text>Uncommitted balance of the Fund related to RPS; and</text>
      </paragraph>
      <paragraph num="(6)">
        <text>Identification of loans in default related to RPS.</text>
      </paragraph>
    </paragraph>
    <paragraph num="C.">
      <text>The report shall detail the following for the immediately preceding year:</text>
      <paragraph num="(1)">
        <text>Total compliance fees paid into the Fund under Public Utilities Article, §7-705, Annotated Code of Maryland;</text>
      </paragraph>
      <paragraph num="(2)">
        <text>All monies credited to the Fund from a source other than described in §C(1) of this regulation;</text>
      </paragraph>
      <paragraph num="(3)">
        <text>Payments received in repayment of loans and investment earnings of the Fund that relate to RPS; and</text>
      </paragraph>
      <paragraph num="(4)">
        <text>Administrative fees and expenses that relate to RPS.</text>
      </paragraph>
    </paragraph>
  </regulation>
  <annotations>
    <annotation type="Authority">Public Utilities Article, §§2-121, 5-101, and 7-701—7-713, Annotated Code of Maryland</annotation>
    <annotation type="History" subtype="Administrative History">Effective date: January 1, 2007 (33:26 Md. R. 1999)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .01 amended effective September 20, 2010 (37:19 Md. R. 1285)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .01B amended effective July 10, 2023 (50:13 Md. R. 514)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .01B, C amended as an emergency provision effective April 1, 2008 (35:9 Md. R. 895); amended permanently effective May 5, 2008 (35:9 Md. R. 899)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .02B, C amended effective September 20, 2010 (37:19 Md. R. 1285)</annotation>
  </annotations>
</chapter>