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House Bill 1235


House Bill 1235

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Climate expenditure accountability. Provides that if a contract to which a state agency is a party includes a climate expenditure, the contract must: (1) set forth: (A) the total cost of the climate expenditure; (B) the amount, in metric tons, of the reduction in carbon dioxide equivalent intended to be achieved through the climate expenditure; and (C) the cost per metric ton of the reduction in carbon dioxide equivalent intended to be achieved through the climate expenditure; and (2) include a provision requiring the contractor, if not in compliance with performance standards for the cost per metric ton of the reduction in carbon dioxide equivalent intended to be achieved through the climate expenditure, to: (A) provide certified carbon offsets equal to the difference between the intended carbon dioxide equivalent reduction set forth in the contract and the actual carbon dioxide equivalent reduction achieved; or (B) refund a portion of the funds the contractor received under the contract so that the cost per metric ton of the actual carbon dioxide equivalent reduction achieved equals the cost per metric ton of the reduction in carbon dioxide equivalent intended to be achieved through the climate expenditure, as set forth in the contract. Requires the office of management and budget to audit these contracts to ensure that contractors meet performance standards for the cost per metric ton of the reduction in carbon dioxide equivalent intended to be achieved through the expenditure of state funds. Requires a state agency that is a party to a climate expenditure contract to provide semiannual reports to the office of management and budget and the general assembly outlining the contractor's performance under the contract.
Current Status:
 In Committee - first House
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