Word: loan
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Leaders of the initiative, which was an outgrowth of the already-established University Committee on the Environment, say GTC will initially focus on two significant changes: the establishment of an interest-free loan fund for environmentally-beneficial renovation and the effort to include green concerns in large-scale University planning...
...first component of GTC, the interest-free loan fund is essential to providing the schools with the money they need to undertake this new effort...
...loan would allow the individual schools to borrow money for up to five years from the GTC without interest to make building and other infrastructure environmentally friendly. The loans would be paid back by the savings realized from the reduction in utility costs from the improvements, according to Sharp...
Sharp says that often the major roadblock to undertaking environmentally beneficial projects is the up-front costs which must be made several years in advance of the savings from these changes. The loan fund would attempt to eliminate this barrier...
...burgeoning payday-loan industry includes publicly owned companies. Ace Cash Express, Inc., of Irving, Texas, operates more than 900 stores in 28 states and the District of Columbia where it cashes checks, sells lottery tickets and provides money-transfer and bill-paying services. At a third of its stores, Ace offers payday loans. Its stock is traded on the NASDAQ...