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Introduced House Bill (H)

Authored by

DIGEST

Enforcement of guaranteed savings contracts. Provides that, for all guaranteed savings contracts, the governing body must provide the attorney general a copy of the executed guaranteed savings contract, preproject energy costs and documentation of stipulated project costs and capital expenditures. Provides that the attorney general shall review all guaranteed savings contracts and supporting documentation every three years. Provides that the attorney general may bring an action to enforce the terms of a guaranteed savings contract and recover the amount owed under the guaranteed savings contract. Provides that a court may award: (1) treble damages; or (2) $25,000; whichever is greater, Enforcement of guaranteed savings contracts. Provides that, for all guaranteed savings contracts, the governing body must provide the attorney general a copy of the executed guaranteed savings contract, preproject energy costs and documentation of stipulated project costs and capital expenditures. Provides that the attorney general shall review all guaranteed savings contracts and supporting documentation every three years. Provides that the attorney general may bring an action to enforce the terms of a guaranteed savings contract and recover the amount owed under the guaranteed savings contract. Provides that a court may award: (1) treble damages; or (2) $25,000; whichever is greater, if the court finds that the qualified provider willfully or knowingly failed to comply with the terms of the contract. Allows for the attorney general to refer the case to the local prosecuting attorney if the attorney general suspects criminal activity. ... View more