Maine § 20-A §15915 Energy service companies and 3rd-party financing

Maine Statutes

§ 20-A §15915 — Energy service companies and 3rd-party financing

Maine·Title 20-A EDUCATION·Part 7 SCHOOL FINANCE·Ch. 609 SCHOOL CONSTRUCTION

1.Initial agreement for energy conservation improvements. A school administrative unit may enter into an agreement of up to 20 years with an energy services company. For the purposes of this section, "energy services company" means a company or 3rd-party financing company that provides design, installation, operation, maintenance and financing of locally funded energy conservation improvements, air quality improvements or combined energy conservation and related air quality improvements at existing school administrative unit facilities. The school administrative unit's costs to enter into such an agreement are not applicable to the unit's school construction project costs, the debt service on which is eligible for subsidy purposes under section 15907. Such an agreement is deemed to be a p

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1.
Initial agreement for energy conservation improvements.
A school administrative unit may enter into an agreement of up to 20 years with an energy services company. For the purposes of this section, "energy services company" means a company or 3rd-party financing company that provides design, installation, operation, maintenance and financing of locally funded energy conservation improvements, air quality improvements or combined energy conservation and related air quality improvements at existing school administrative unit facilities. The school administrative unit's costs to enter into such an agreement are not applicable to the unit's school construction project costs, the debt service on which is eligible for subsidy purposes under section 15907. Such an agreement is deemed to be a professional service, which is not subject to the competitive bidding requirements of Title 5, section 1743‑A, if the agreement:
1-A.
Performance criteria.
An agreement under this section between a school administrative unit and an energy services company must include performance criteria that guarantee:
2.
Future operation.
Any school administrative unit, at the termination of the agreement with the private party pursuant to this section, may acquire, operate and maintain the improvement, may renew the agreement with the private party or may make an agreement with another private party to operate and maintain the improvement.

Maine § 20-A §15915 (Energy service companies and 3rd-party financing) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1985, c. 621, §1 (NEW). PL 1985, c. 797, §62 (NEW). PL 1987, c. 402, §A134 (RPR). PL 2001, c. 376, §1 (AMD). PL 2005, c. 499, §1 (AMD). PL 2011, c. 279, §§1, 2 (AMD). PL 2019, c. 385, §1 (AMD).