SB 17-252

Senate Bill 17-252, which has been signed into law, allows local government boards to enter into contracts with companies that help reduce energy costs by improving efficiency in buildings and facilities. The bill expands this to include agreements aimed at increasing the accuracy of utility meters, ensuring more precise billing and potential savings. It also clarifies how maintenance cost savings should be calculated on a net basis for better financial management. This affects local government entities looking to save money through improved energy use and metering practices. Since it's signed, the bill is now law and local governments can start implementing these measures.

Official Summary

Current law allows boards of political subdivisions to enter into energy cost-savings contracts for utility cost savings. Utility cost savings are defined in law to include an installation, modification, or service that is designed to reduce energy consumption and related operating costs in buildings and other facilities. The bill specifies that the boards may also enter into energy cost-savings contracts for increasing meter accuracy, which is defined as a utility cost-savings measure. The bill also changes the definition of 'operation and maintenance cost savings' to clarify that the calculation must be made on a net basis. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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