South Carolina § 48-52-635 State agency to carry forward and retain savings realized from energy conservation measures.

South Carolina Statutes

§ 48-52-635 — State agency to carry forward and retain savings realized from energy conservation measures.

South Carolina § 48-52-635

Title 48ENVIRONMENTAL PROTECTION AND CONSERVATION

Ch. 52ENERGY EFFICIENCY

This text of South Carolina § 48-52-635 (State agency to carry forward and retain savings realized from energy conservation measures.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 48-52-635 (2026).

Text

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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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.

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".