MS HB186

Clarifies that entities may use any available sources of funding to enter into energy services contracts, energy performance contracts, shared-savings contracts, and lease-purchase agreements for energy efficiency equipment and services.

Extends the repeal date of Section 31-7-14 from July 1, 2025 to July 1, 2028, continuing authorization for public entities to procure energy efficiency services through alternative contracting methods.

Maintains existing requirements for energy services providers to be prequalified by the Energy Division of the Mississippi Development Authority based on documented experience, technical capabilities, and ability to guarantee savings.

Preserves provisions allowing entities to select proposals based on qualifications, experience, technical approach, and overall benefits rather than lowest bid alone.

Retains contract term limits of twenty years maximum for lease-purchase, shared-savings, and energy performance contracts, with interest rates capped at the maximum permitted for general obligation indebtedness.