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MS SB2649

Bill

Status

Passed

4/14/2021

Primary Sponsor

Joel Carter

Click for details

Origin

Senate

2021 Regular Session

AI Summary

  • Extends the repeal date for Mississippi's energy efficiency contracting law from July 1, 2021 to July 1, 2025

  • Allows public entities (school districts, junior colleges, universities, public hospitals, state agencies) to enter into energy services contracts, energy performance contracts, and shared-savings contracts for energy efficiency equipment and improvements

  • Permits contract terms up to 20 years for lease-purchase agreements, shared-savings contracts, and energy performance contracts, with interest rates capped at the maximum allowed for general obligation bonds

  • Requires energy services providers to be prequalified by the Energy Division of the Mississippi Development Authority based on engineering experience, financial stability, and project track record

  • Mandates semi-annual reporting by entities to the Division on energy usage and consumption, with energy services providers losing qualified status after two reporting violations

Legislative Description

Public contracts for energy efficiency; extend repeal date on use of.

Last Action

Approved by Governor

4/14/2021

Committee Referrals

Energy1/18/2021

Full Bill Text

No bill text available