Indiana Code 4-13.6-8-6. Allowable provisions in contracts
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Sec. 6. An energy cost savings contract may do any of the following:
(2) Include contracts for building operation programs, maintenance, and management or similar agreements with the qualified provider to reduce energy or operational costs.
(1) Provide that energy cost savings are guaranteed by the qualified provider to the extent necessary to make payments for the qualified energy savings project.
Terms Used In Indiana Code 4-13.6-8-6
- Contract: A legal written agreement that becomes binding when signed.
- qualified energy savings project: means a facility alteration designed to reduce energy consumption costs or other operating costs. See Indiana Code 4-13.6-8-3
- qualified provider: means a person experienced in the design, implementation, and installation of energy and operational cost savings systems. See Indiana Code 4-13.6-8-4
As added by P.L.58-1999, SEC.9 and P.L.172-1999, SEC.8.