Sec. 11. (a) A guaranteed savings contract that includes stipulated savings must specify the methodology used to calculate the savings using industry engineering standards.

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Terms Used In Indiana Code 36-1-12.5-11

  • Contract: A legal written agreement that becomes binding when signed.
  • guaranteed savings contract: refers to a contract entered into under this chapter, in which a qualified provider enters into an agreement with the governing body to:

    Indiana Code 36-1-12.5-2

  • industry engineering standards: includes the following:

    Indiana Code 36-1-12.5-2.5

     (b) Stipulated savings may be used for conservation measures including the following:

(1) Heating.

(2) Air conditioning.

(3) Ventilating.

(4) Lighting.

(5) Roofing.

(6) Windows.

(7) Water conservation.

(8) Fuel and power improvements.

(9) Wastewater generation.

(10) Billable revenue increases.

(11) Any work that is causally connected to the conservation measures listed in subdivisions (1) through (10).

     (c) The guaranteed savings contract shall:

(1) describe stipulated savings for:

(A) conservation measures; and

(B) work causally connected to the conservation measures; and

(2) document assumptions by industry engineering standards.

As added by P.L.98-2002, SEC.8. Amended by P.L.168-2006, SEC.19.

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