Tennessee Code 12-3-906 – Life cycle costs used in purchase of major energy-consuming products
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Terms Used In Tennessee Code 12-3-906
- Chief procurement officer: means the person holding the position established in §. See Tennessee Code 12-3-201
- Procurement: means buying, purchasing, renting, leasing, or otherwise acquiring of any goods or services. See Tennessee Code 12-3-201
- Procurement commission: means the state procurement commission, as established in §. See Tennessee Code 12-3-201
When energy efficiency standards are established, the procurement commission shall adopt rules requiring life cycle costs to be used by the chief procurement officer in contracting for major energy-consuming products. In determining life cycle costs, the procurement commission and the chief procurement officer may consider the acquisition cost of the product, the energy consumption and the projected cost of energy over the useful life of the product, and the anticipated resale or salvage value of the product.