SB0950 Summary

• Amends Illinois Procurement Code to authorize executive agencies, Department of Central Management Services, and Capital Development Board to enter into guaranteed energy savings contracts for energy conservation measures.

• Requires agencies to issue competitive request for proposals published in Illinois Procurement Bulletin for at least 30 days before entering guaranteed energy savings contracts, with specified minimum requirements for RFP content.

• Mandates that guaranteed energy savings contracts result in energy or operational cost savings within 20 years, with contractors reimbursing the State for any shortfall in projected savings.

• Allows contracts to extend beyond fiscal years with payments spread over up to 20 years, and permits use of installment payment contracts or lease purchase agreements for funding energy conservation measures.

• Establishes that all applicable State laws apply including prevailing wage, human rights, and licensing requirements; prohibits energy conservation measures that conflict with historic properties on National or Illinois Register of Historic Places.