Section 18.1724 – Annual Reconciliation of Energy Savings; Liability for Shortfall; Report.
18.1724 Annual reconciliation of energy savings; liability for shortfall; report. Sec. 14. (1) An energy performance contract shall require the qualified energy service provider to provide to the governmental unit an annual reconciliation of the guaranteed energy savings based on industry standards. The contract shall provide that the qualified provider is liable for any shortfall […]
Section 18.1725 – Scope of Act.
18.1725 Scope of act. Sec. 15. Nothing in this act mandates or shall be construed to mandate any of the following: (a) That government units join or pay membership dues to organizations involved in energy efficiency, sustainable development, or similar practices. (b) That government units abide by or otherwise follow international standards related to performance […]
Section 18.1751 – Short Title.
18.1751 Short title. Sec. 1. This act shall be known and may be cited as the “economic development incentive evaluation act”. History: 2018, Act 540, Imd. Eff. Dec. 28, 2018
Section 18.1753 – Definitions.
18.1753 Definitions. Sec. 3. As used in this act: (a) “Contractor” means the private entity, nonprofit entity, or academic institution selected by the department under section 5 to evaluate certain economic development incentives. (b) “Department” means the department of technology, management, and budget. (c) “Economic development incentive” means the abatements, tax credits, exemptions, grants, loans, […]
Section 18.1755 – Periodic Evaluation of Economic Development Incentives: Contract; Request for Proposals; Requirements; Timeline; Disclosure; Evaluations Published on Website and to Certain State Agencies.
18.1755 Periodic evaluation of economic development incentives: contract; request for proposals; requirements; timeline; disclosure; evaluations published on website and to certain state agencies. Sec. 5. (1) The department shall contract with 1 or more contractors for the periodic evaluation of economic development incentives. The department along with the department of treasury and the Michigan strategic […]
Section 18.1757 – Multiyear Schedule of Evaluations; Annual Update.
18.1757 Multiyear schedule of evaluations; annual update. Sec. 7. The department, in conjunction with the strategic fund and the department of treasury, shall, not later than February 28, 2019, develop a multiyear schedule that lists all economic development incentives and indicates the year when an economic development incentive evaluation will be published for each economic […]
Section 18.1759 – Periodic Evaluation Report Requirements & Recommendations; Disclosure of Methodology and Sources.
18.1759 Periodic evaluation report requirements & recommendations; disclosure of methodology and sources. Sec. 9. (1) Evaluations of economic development incentives shall include, to the extent practicable, all of the following: (a) A description of the history of the economic development incentive and its goals. (b) A literature review of the effectiveness of this type of […]
Section 18.1717 – Program of Energy Performance Contracts; Department as Lead Agency; Duties; Evaluation of Providers; Criteria.
18.1717 Program of energy performance contracts; department as lead agency; duties; evaluation of providers; criteria. Sec. 7. (1) The department is the lead agency for the development and promotion of a program of energy performance contracts in governmental units. The department shall do all of the following with respect to this program: (a) Assemble a […]
Section 18.1718 – Annual Report.
18.1718 Annual report. Sec. 8. The department shall develop an annual report of total facility capital liability and total dollar amount of completed and substantially completed energy performance contract work. Prior to December 31 of each calendar year, the department shall present this report to the members of the house appropriations committee and the senate […]
Section 18.1719 – Cost-Savings Measures at Governmental Facilities; Departmental Assistance.
18.1719 Cost-savings measures at governmental facilities; departmental assistance. Sec. 9. The department shall assist governmental units in identifying, evaluating, and implementing cost-savings measures at their facilities. The assistance may include 1 or more of the following: (a) Apprising governmental units of opportunities to develop and finance energy performance contract projects. (b) Providing technical and analytical […]