Sec. 2. As used in this chapter, “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:

(1) evaluate and recommend to the governing body conservation measures; and

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Terms Used In Indiana Code 36-1-12.5-2

  • Contract: A legal written agreement that becomes binding when signed.
  • governing body: means the following:

    Indiana Code 36-1-12.5-1.5

  • qualified provider: means the following:

    Indiana Code 36-1-12.5-3

(2) provide for the implementation of at least one (1) conservation measure.

As added by P.L.24-1993, SEC.6. Amended by P.L.208-1995, SEC.5; P.L.168-2006, SEC.7.