SCS/SB 126 - This act modifies provisions relating to guaranteed energy cost savings contracts. Under current law, a governmental unit is required to award a contract to a qualified provider if, among other things, it finds that the amount it would spend on the energy cost savings measures recommended in the proposal would not exceed the amount of energy or operational savings, or both, within a 15 year period from the date installation is complete, if the recommendations in the proposal are followed. This act extends the time frame to a 20 year period. The act further modifies the definition of "energy cost savings measure" to include a training program or facility improvement, modernization, or system replacement, including any of the following:
• Roofing, exterior building, envelope, and piping;
• Domestic water, sewer, and domestic hot water system improvements;
• Indoor swimming pool improvements;
• Renewable energy systems; and
• Any security or safety improvement that provide long term operating cost reduction and improve the safety of the building occupants.
This act is substantially similar to provisions in HCS/SB 206 (2019) and HB 717 (2019).
SCOTT SVAGERA