South Carolina Statutes
§ 48-52-635 — State agency to carry forward and retain savings realized from energy conservation measures.
Pursuant to Section 48-52-630, an agency's savings realized in the prior fiscal year from implementing an energy conservation measure as compared to a baseline energy use as certified by the State Energy Office, may be retained and carried forward into the current fiscal year. This savings, as certified by the State Energy Office, must first be used for debt retirement of capital expenditures, if any, on the energy conservation measure, after which time savings may be used for agency operational purposes and where practical, reinvested into energy conservation areas. The agency must report all actual savings in the energy portion of its annual report to the Office of Regulatory Staff.
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Legislative History
HISTORY: 1995 Act No. 145, Part II, SECTION 16; 2014 Act No. 121 (S.22), Pt VI, SECTION 14, eff July 1, 2015. Effect of Amendment 2014 Act No. 121, SECTION 14, substituted "Office of Regulatory Staff" for "State Budget and Control Board".
Nearby Sections
15
§ 48-52-10
Short title.§ 48-52-210
Policy and purpose.§ 48-52-220
"Renewable energy resources" defined.§ 48-52-410
State Energy Office established; purpose.§ 48-52-420
Duties of State Energy Office.§ 48-52-430
Annual state energy action plan.§ 48-52-435
Prior approval required for studies of alternative energy usage or conservation measures.§ 48-52-470
Funding for State Energy Office.