MI HB4994

County boards of commissioners may acquire, finance, or refund energy conservation improvements through installment contracts, lease-purchase agreements, or borrowing, with repayment periods not exceeding 20 years or the useful life of improvements, whichever is less.

Energy conservation improvements include HVAC systems, windows, roofing, insulation, controls, entrance closures, and IT or utility infrastructure improvements directly associated with energy conservation.

Counties may pay for improvements from general funds, energy savings, or contracts where costs are covered only if energy savings are sufficient, with notes issued subject to the Revised Municipal Finance Act.

Lease-purchase agreements are exempt from the Revised Municipal Finance Act, treated as current operating expenses subject to annual appropriation, and terminate if funds become unavailable or the legislative body takes action to cancel.

Counties must report to the Department of Treasury within 60 days of completion with facility names, descriptions, baseline energy consumption, project costs, and estimated savings, then annually report actual energy consumption for five years post-completion.