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CS/CS/CS/SB 1594 — Guaranteed Energy, Water, and Wastewater Performance Savings Contracting Act

by Community Affairs Committee; Environmental Preservation and Conservation Committee; Communications, Energy, and Public Utilities Committee; and Senator Bradley

This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.

Prepared by: Communications, Energy, and Public Utilities Committee (CU)

The bill authorizes a county school district, or an institution of higher education, including all state universities, colleges, and technical colleges, to enter into guaranteed energy, water, and wastewater performance savings contracts. It includes a building retrofit or renovation in the definition of the term “energy, water, and wastewater efficiency and conservation measure” and authorizes inclusion of a variety of new savings measures in a performance savings contract.

If approved by the Governor, these provisions take effect July 1, 2013.

Vote: Senate 38-0; House 117-0