South Dakota § 1-33B-12 Continuance of contract--Payments.

South Dakota Statutes

§ 1-33B-12 — Continuance of contract--Payments.

South Dakota·Title 1 STATE AFFAIRS AND GOVERNMENT·Ch. 1-33A ENERGY PERFORMANCE CONTRACTS

If the governmental unit reasonably believes that legally available funds of an amount sufficient to make all contractual payments during the original term and each of the renewal terms can be obtained either through projected operational or energy savings, or both, or a performance bond guaranteeing such savings, the governmental entity shall continue the contract through the original term and all of the renewal terms and pay the contracted payments.

Free access — add to your briefcase to read the full text and ask questions with AI

If the governmental unit reasonably believes that legally available funds of an amount sufficient to make all contractual payments during the original term and each of the renewal terms can be obtained either through projected operational or energy savings, or both, or a performance bond guaranteeing such savings, the governmental entity shall continue the contract through the original term and all of the renewal terms and pay the contracted payments.

South Dakota § 1-33B-12 (Continuance of contract--Payments.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.