31:01:03:05.  Application review. In addition to consideration of the criteria listed in § 31:01:03:02 and the conditions and limitations listed in § 31:01:03:03, application review shall consist of the following two phases:

          (1)  The administrative review shall consider the following, at a minimum:

               (a)  Completeness;

               (b)  Eligibility;

               (c)  Accuracy; and

               (d)  Supporting data;

          (2)  The technical review shall consider each energy conservation measure for which funding is requested and shall include the accuracy and sufficiency of calculations, engineering principles considered, and labor and material costs relative to the current local market.

          Negotiations with the analyst and applicant shall be used to resolve any problems. If, after review, corrections or adjustments cause the estimated payback of a measure to exceed ten years, the measure shall be eliminated from the application and the total amount of the loan request adjusted accordingly.

          Source: 14 SDR 183, effective July 13, 1988; transferred from § 20:13:03:05, 15 SDR 209, effective July 9, 1989; 19 SDR 148, effective April 4, 1993; 20 SDR 222, effective July 5, 1994.

          General Authority: SDCL 1-33B-15.

          Law Implemented: SDCL 1-33B-15.