Senate Bill 0394
DIGEST OF SB394 (Updated February 5, 2002 5:50 PM - DI 84)
Guaranteed energy savings contracts. Makes certain changes in the guaranteed energy savings contracts law used by school corporations and political subdivisions. Provides that actual savings may include stipulated savings that are documented by industry engineering standards, and that causally connected work is work that is required to properly implement an energy conservation measure. Provides that an energy conservation measure may include future labor, contracted services, and related capital expenditures. Requires a governing body to file a copy of an executed contract and other information with the department of commerce. Provides that stipulated savings may be used in determining actual savings for various energy conservation measures. Requires a contract that includes stipulated savings to specify the methodology used to calculate the savings using industry engineering standards. Provides conditions under which improvements that are not causally connected to an energy conservation measure may be included in an energy savings contract.
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