Utah Statutes
§ 11-44-202 — Types of agreements.
Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-44 Performance Efficiency Act·Part 11-44-2 Performance Efficiency Programs and Agreements
Notwithstanding Section 63G-6a-1205, a political subdivision shall structure a performance efficiency agreement as a guaranteed performance efficiency agreement, which shall include:
(1)the design and installation of a performance efficiency measure, if applicable;
(2)operation and maintenance of a performance efficiency measure implemented; and
(3)guaranteed annual cost savings that meet or exceed the total annual agreement payments by the political subdivision under the agreement, including financing charges incurred by the political subdivision over the life of the agreement.
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Legislative History
Amended by Chapter 181, 2015 General Session
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Definitions.