MS HB1130

Extends the repeal date of Section 31-7-14 of the Mississippi Code governing public energy efficient equipment contracts from July 1, 2019 to July 1, 2023.

Allows public entities (school districts, colleges, hospitals, state agencies) to enter into energy services contracts, energy performance contracts, and shared-savings contracts for energy efficiency equipment and improvements without competitive bidding requirements.

Requires energy services providers to be prequalified by the Energy Division of the Mississippi Development Authority and establishes criteria for evaluation including engineering experience, financial stability, and project performance history.

Establishes maximum lease-purchase terms of 20 years or the useful life of equipment (whichever is less) and limits annual interest rates to the maximum rate allowed for general obligation indebtedness.

Requires entities using shared-savings or energy performance contracts to report energy usage and consumption data to the division twice annually, with reporting costs paid by the energy services provider.