South Dakota Codified Laws 1-33B-10. Documentation of guaranteed savings–Deficiency paid by qualified provider
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The governmental unit shall document the operational and energy cost savings specified in the guaranteed energy savings contract and 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 § 1-33B-8.
Terms Used In South Dakota Codified Laws 1-33B-10
- Contract: A legal written agreement that becomes binding when signed.
Source: SL 1992, ch 14, § 10.