Indiana Statutes
§ 21-33-4-5 — Cost savings contracts
Indiana·Title 21 HIGHER EDUCATION·Art. 33 STATE EDUCATIONAL INSTITUTIONS:·Ch. 4 Qualified Energy Savings Projects
After reviewing proposals submitted under this
chapter, a state educational institution may enter into energy cost
savings contracts with a qualified provider if the state educational
institution reasonably expects that the cost of a qualified energy
savings project recommended in the proposal would not exceed the
amount to be saved in either energy or operational costs, or both, within
the ten (10) year period following the date installation is complete if
the recommendations in the proposal are followed. An energy cost
savings contract may also include a guaranty from the qualified
provider to the state educational institution that either the energy or
operational cost savings, or both, will meet or exceed the cost of the
energy cost savings projects not later than ten (10) years after t
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Legislative History
As added by P.L.2-2007, SEC.274.
Nearby Sections
15
§ 21-12-1-1
Definitions§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 21-12-1-2
"Academic term"§ 21-12-1-3
"Academic year"§ 21-12-1-4
"Active duty"§ 21-12-1-4.5
"Adult student grant"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"