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IN SB0314
Bill
Status
Introduced
1/10/2011
Primary Sponsor
Randall Head
Click for details
AI Summary
- Excludes stipulated savings from being counted toward determining whether guaranteed savings targets are met when calculating guarantee payments owed by contractors at contract end
- Prohibits counting cost savings from equipment replacement as part of "actual savings" if that equipment would have been replaced anyway during the contract period, regardless of the guaranteed savings contract
- Amends IC 36-1-12.5-0.5 regarding the definition of "actual savings" in guaranteed energy savings contracts for local government
- Effective date of July 1, 2011
Legislative Description
Guaranteed energy saving contracts.
Last Action
First reading: referred to Committee on Energy and Environmental Affairs
1/10/2011
Full Bill Text
No bill text available