(1) The office shall make a loan from the fund to a political subdivision only to finance an energy efficiency project.
(2) The office may not make a loan from the fund: (a) to finance a political subdivision's compliance with the energy code in the construction of a new building; or (b) with a term of less than two years or more than 12 years.
(a) to finance a political subdivision's compliance with the energy code in the construction of a new building; or
(b) with a term of less than two years or more than 12 years.