§ 36-1-12.5-12 — Improvements not causally connected to conservation measure

Indiana § 36-1-12.5-12

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 1: GENERAL PROVISIONS
• Ch. 12.5: Guaranteed Savings Contracts; Energy Efficiency

Text

(a) An improvement that is not causally
connected to a conservation measure may be included in a guaranteed
savings contract if:
(1) the total value of the improvement does not exceed fifteen
percent (15%) of the total value of the guaranteed savings
contract; and
(2) either:
(A) the improvement is necessary to conform to a law, a rule,
or an ordinance; or
(B) an analysis within the guaranteed savings contract
demonstrates that:
(i) there is an economic advantage to the political subdivision
in implementing an improvement as part of the guaranteed
savings contract; and
(ii) the savings justification for the improvement is
documented by industry engineering standards.
(b) The information required under subsection (a) must be reported
to the director of the department of local government finance.

Legislative History

As added by P.L.98-2002, SEC.9. Amended by P.L.1-2006, SEC.557; P.L.168-2006, SEC.20; P.L.109-2015, SEC.58; P.L.233-2015, SEC.332.