D. Any other money available to the authority and directed by law or by the authority to be paid into the fund.

3. Application of fund.__The fund may be applied to provide loans or other financial assistance, including grants, to support sustainable energy projects in accordance with this subsection and subsection 4.__The authority may pledge or transfer and deposit money from the fund as security for and apply the fund to pay the principal, interest and other amounts due on insured loans.__The authority may provide loans or other financial assistance, including grants, to support sustainable energy projects when the authority determines that:

A. In the case of a loan, the applicant demonstrates a reasonable likelihood that the applicant will be able to repay the loan;

B. In the case of a grant, the project is likely to produce substantial societal, environmental or electric ratepayer benefits;

I.C. The project is technologically feasible; and

D. The project will stimulate demand for or the production of sustainable, renewable or clean energy technologies.

At least 75% of the fund must be applied in a manner that is consistent with priorities established by the Energy Resources Council pursuant to Title 5, section 3327, subsection 2, paragraph G.__At least 20% of the fund must be applied to fund projects described in subsection 4, paragraph E. Up to 5% of the fund may be used for administrative expenses of the authority in administering this section, of the Energy Resources Council in meeting its responsibilities pursuant to Title 5, section 3327, subsection 2, paragraph G and of the Executive Department, State Planning Office in meeting its responsibilities pursuant to Title 5, section 3305, subsection 1-A.

4. Sustainable energy projects.__The authority, in consultation with the Energy Resources Council established under Title 5, section 3327, shall adopt rules governing eligibility, project feasibility and terms and conditions for loans or other financial assistance, including grants, under this section.__Sustainable energy projects eligible for financial support pursuant to this section may include: