Introduced House Bill (H)

Authored by

DIGEST

Ivy Tech qualified energy savings contracts. Provides that certain requirements relating to issuance of bonds for qualified energy savings contracts by a state educational institution apply to Ivy Tech Community College. (Under current law, if the amount of bonds outstanding for a qualified energy savings project by a state educational institution exceeds $15,000,000, the operating savings to the state educational institution arising from the implementation of that project must at least equal the original amount of bonds issued for that project in not more than ten years. Under current law, this requirement does not apply to bonds issued by Ivy Ivy Tech qualified energy savings contracts. Provides that certain requirements relating to issuance of bonds for qualified energy savings contracts by a state educational institution apply to Ivy Tech Community College. (Under current law, if the amount of bonds outstanding for a qualified energy savings project by a state educational institution exceeds $15,000,000, the operating savings to the state educational institution arising from the implementation of that project must at least equal the original amount of bonds issued for that project in not more than ten years. Under current law, this requirement does not apply to bonds issued by Ivy Tech for a qualified energy savings project.) ... View more