Loading chat...
MS SB2649
Bill
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