Section 18.1721 – Investment Grade Energy Audit.
18.1721 Investment grade energy audit. Sec. 11. The qualified energy service provider chosen as a result of the process set forth in this section shall prepare an investment grade energy audit, which, upon acceptance, shall be part of the final energy performance contract. The investment grade energy audit shall include estimates of the amounts by […]
Section 18.1722 – Use of Designated Funds, Bonds, or Master Lease; Financing by Third Party.
18.1722 Use of designated funds, bonds, or master lease; financing by third party. Sec. 12. (1) A governmental unit may use designated funds, bonds, or master lease for any energy performance contract, including purchases using installment payment contracts or lease purchase agreements, if that use is consistent with the purpose of the appropriation. (2) Unless […]
Section 18.1723 – Energy Performance Contract; Provisions; Extension; Limitation.
18.1723 Energy performance contract; provisions; extension; limitation. Sec. 13. (1) Each energy performance contract shall provide both of the following: (a) All payments between the parties, except obligations on termination of the contract before its expiration, shall be made over time. (b) The objective of the energy performance contract is implementation of cost-savings measures and […]
Section 18.1711 – Short Title; Meanings of Words or Phrases.
18.1711 Short title; meanings of words or phrases. Sec. 1. (1) This act shall be known and may be cited as the “cost-effective governmental energy use act”. (2) For purposes of this act, the words and phrases defined in sections 2 to 5 have the meanings ascribed to them in those sections. History: 2012, Act […]
Section 18.1712 – “Cost-Effective” Defined.
18.1712 “Cost-effective” defined. Sec. 2. “Cost-effective” means that the present value to a governmental unit of the energy, utility, capital cost avoidance, capital improvement, and operational costs and revenues reasonably expected to be saved or produced by a facility, activity, measure, equipment, or system over its useful life, including any compensation received from a utility, […]