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House Bill 1276


House Bill 1276

ARCHIVE (2009)

Latest Information

 

DIGEST OF INTRODUCED BILL


Energy cost savings contracts. Deletes the $10,000,000 maximum on the amount of bonds that may be outstanding for a state educational institution's qualified energy savings projects. Provides that in order to establish the reasonable expectation of savings for purposes of the statutes governing bonds for energy cost savings contracts, a state educational institution must enter into a qualified energy savings contract in which the qualified provider guarantees in writing that the guaranteed savings achieved will at least equal the annual debt service requirements on the bonds.
Current Status:
 In Committee - first House
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