Illinois Compiled Statutes 50 ILCS 515/35 – Operational and energy cost savings
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Terms Used In Illinois Compiled Statutes 50 ILCS 515/35
- Contract: A legal written agreement that becomes binding when signed.
The unit of local government shall document the operational and energy cost savings specified in the guaranteed energy savings contract and shall designate and appropriate that amount for an annual payment of the contract. If the annual energy savings are less than projected under the guaranteed energy savings contract, the qualified provider shall pay the difference as provided in Section 20.