| Overall Rating | Silver |
|---|---|
| Overall Score | 54.62 |
| Liaison | Luis Maggiori |
| Submission Date | Oct. 23, 2024 |
Lane Community College
IN-40: Sustainability Projects Fund
| Status | Score | Responsible Party |
|---|---|---|
|
0.50 / 0.50 |
Audreyanna
O'Brion Administrative Specialist F |
"---"
indicates that no data was submitted for this field
Name of the institution’s sustainability projects fund:
Lane's Living Green Revolving Loan Fund
Which of the following best describes the primary source of funding for the sustainability projects fund?:
Department driven
Year the institution’s sustainability projects fund was established:
2,006
A brief description of the institution’s sustainability projects fund:
Lane established a fund for energy efficiency and renewable energy projects in 2006. In January 2016, Lane Community College replaced its original Energy Carryover reinvestment fund in favor of a true revolving loan fund model for sustainability. In this revolving fund, dedicated capital is set aside in an account up front and is sustained by the money repaid from borrowers with savings and any incentives collected for energy, water, recycling, and resource conservation projects.
A brief description of the multi-stakeholder decision-making process used to determine which projects receive funding through the sustainability projects fund:
The campus Sustainability Coordinator serves as the fund manager and coordinates the operations of the fund, with the Sustainability Committee (chaired by the fund manager) and LCC’s Project Management Team (PMT) from the Facilities Department to review as well, selecting the projects and providing guidance. Stakeholder groups that are involved with or affected by the fund (e.g. students, facility managers, faculty, administrators) are be represented on the Sustainability Committee to maintain buy-in and contribute their expertise.
If a student green fee or student government funds are used to capitalize the GRF, it is particularly important to have student representation on the fund committee.
Project criteria
The fund must finance measures that reduce resource use (e.g., energy, water, waste) or mitigate greenhouse gas emissions (e.g. renewable energy).
The fund must revolve so that the savings generated by reducing operating expenses over the measure plus an additional 20%.
Potential for community engagement and collaboration.
Educational benefits.
Payback duration: Life expectancy of the equipment or measure
If a student green fee or student government funds are used to capitalize the GRF, it is particularly important to have student representation on the fund committee.
Project criteria
The fund must finance measures that reduce resource use (e.g., energy, water, waste) or mitigate greenhouse gas emissions (e.g. renewable energy).
The fund must revolve so that the savings generated by reducing operating expenses over the measure plus an additional 20%.
Potential for community engagement and collaboration.
Educational benefits.
Payback duration: Life expectancy of the equipment or measure
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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