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IN HB1209
Bill
Status
1/9/2018
Primary Sponsor
William Friend
Click for details
AI Summary
HB 1209 Summary
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Governing bodies must submit executed guaranteed savings contracts, pre-project energy costs, and capital expenditure documentation to the attorney general within 60 days of contract execution.
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Attorney general must review all guaranteed savings contracts and supporting documentation every three years beginning in 2018 to confirm savings are accruing as guaranteed.
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Attorney general may file suit to enforce guaranteed savings contracts and recover amounts owed, either upon request by a governing body or following contract review.
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Courts may award treble damages or $25,000, whichever is greater, if the qualified provider willfully or knowingly failed to comply with contract terms.
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Attorney general must refer suspected criminal activity discovered during contract reviews to the appropriate county prosecuting attorney.
Legislative Description
Enforcement of guaranteed savings contracts. Provides that, for all guaranteed savings contracts, the governing body must provide the attorney general a copy of the executed guaranteed savings contract, preproject energy costs and documentation of stipulated project costs and capital expenditures. Provides that the attorney general shall review all guaranteed savings contracts and supporting documentation every three years. Provides that the attorney general may bring an action to enforce the terms of a guaranteed savings contract and recover the amount owed under the guaranteed savings contract. Provides that a court may award: (1) treble damages; or (2) $25,000; whichever is greater,
Last Action
Representative Ober added as coauthor
1/18/2018