§ 50-37-1. Short Title
This chapter shall be known and may be cited as the “Guaranteed Energy Savings Performance Contracting Act.” History. Code 1981, § 50-37-1 , enacted by Ga. L. 2010, p. 1091, § 2/SB 194.
§ 50-37-2. Definitions
Unless otherwise provided, as used in this chapter, the term: “Allowable costs” means equipment and project costs that: The governmental unit reasonably believes will be incurred during the term of the guaranteed energy savings performance contract; and Are documented by industry engineering standards. “Authority” means the Georgia Environmental Finance Authority. “Director” means the executive director […]
§ 50-37-3. State Agencies to Enter Into Guaranteed Energy Savings Performance Contracts
Where not otherwise authorized by another provision of general law or local Act, a governmental unit may enter into a guaranteed energy savings performance contract with a qualified provider in accordance with the provisions of this chapter. The provisions of this chapter shall apply only to contracts entered into by a governmental unit pursuant to […]
§ 50-37-4. Contracts Provisions
A guaranteed energy savings performance contract may provide that all payments, except obligations on termination of the contract before its scheduled expiration, shall be made over a period of time. The contract shall require the energy performance contractor to provide to the governmental unit an annual reconciliation of the guaranteed energy cost savings. The energy […]
§ 50-37-5. Funding for Contracts
A governmental unit may use funds designated for operating, utilities, or capital expenditures for any guaranteed energy savings performance contract, including, without limitation, for purchases on an installment payment or lease purchase basis. During the life of the contract, grants, subsidies, or other payments from the state to a governmental unit shall not be reduced […]
§ 50-37-6. Review of Capital Improvement Projects
Every state agency shall periodically review all proposed capital improvement projects for potential applicability of this chapter and shall first consider proceeding with a guaranteed energy savings performance contract under this chapter where appropriate. History. Code 1981, § 50-37-6 , enacted by Ga. L. 2010, p. 1091, § 2/SB 194; Ga. L. 2012, p. 59, […]
§ 50-37-7. Requirements for State Agencies
Requirements for state agencies: The director shall be authorized to promulgate any rules, regulations, stipulations, and policies necessary to carry out the terms and provisions of this Code section regarding contracting and procurement procedures for state agencies. Any rules, regulations, and policies as prescribed by the director shall be published, and state agencies shall be […]
§ 50-37-8. Statutory Construction
This chapter, being for the welfare of this state and its inhabitants, shall be liberally construed to effect the purposes specified in this chapter. History. Code 1981, § 50-37-8 , enacted by Ga. L. 2010, p. 1091, § 2/SB 194.