92nd General Assembly
Summary of SB1963
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Senate Sponsors:

Short description: 
ENERGY SAVINGS CONTRACT                                                    

Synopsis of Bill as introduced:
        Amends the Local  Government  Energy  Conservation  Act  and  the      
   Article  of  the School Code concerning school energy conservation and      
   savings measures.  Increases the number of years (from 10 years to  20      
   years)  within which an energy savings contract guarantees that either      
   the energy or operational cost savings, or both, will meet  or  exceed      
   the  costs  of the energy conservation measures. Increases the maximum      
   number of years (from 10 years to  20  years)  over  which  an  energy      
   savings  contract may provide for payments. Repeals a provision of the      
   School Code  requiring  the  transfer  of  guaranteed  energy  savings      
   amounts  to  the  fire  prevention  and safety fund or to the bond and      
   interest fund. Effective immediately.                                       
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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