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MI HB5727
Bill
Status
12/31/2012
Primary Sponsor
Douglas Geiss
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AI Summary
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Authorizes Michigan governmental units to enter energy performance contracts with qualified energy service providers to reduce energy consumption and operating costs through cost-savings measures.
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Establishes the Department of Technology, Management, and Budget as lead agency to develop standardized energy performance contract processes, maintain lists of qualified providers, and provide technical assistance to governmental units.
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Requires energy performance contracts to include investment grade audits detailing recommended improvements and projected savings, with contract terms not exceeding 15 years or the average useful life of measures.
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Mandates qualified energy service providers guarantee annual energy savings and provide annual reconciliation reports; holds providers liable for any shortfall in guaranteed savings.
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Permits governmental units to finance energy performance contracts using designated funds, bonds, master leases, or third-party financing, with payments extended over time and potentially across fiscal years.
Legislative Description
State financing and management; purchasing; energy-based performance contracting for governmental energy use; require. Creates new act.
State financing and management, purchasing
Last Action
Assigned Pa 625'12 2012 Addenda
12/31/2012