Modifies provisions for energy costs savings contracts

Summary

The bill sets rules for state and local agencies when they enter into guaranteed energy‑cost‑savings contracts for measures such as insulation, HVAC upgrades, or lighting retrofits. Agencies must solicit competitive proposals, award the contract to the lowest‑cost qualified provider, and obtain a written guarantee that the energy or operational savings will cover the project costs within fifteen years. It also requires budgeting for any contract payments and exempts certain educational non‑profits.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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