Payment obligations of a governmental unit pursuant to a guaranteed utility savings contract with a qualified provider and any installment payment contract or lease-purchase agreement pursuant to a guaranteed utility savings contract are not general obligations of the governmental unit and are collectible only from utility cost savings and conservation-related cost savings appropriated by the legislature and other revenues pledged for that purpose in accordance with the Public Facility Energy Efficiency and Water Conservation Act.
History: Laws 1993, ch. 231, § 6; 1997, ch. 42, § 6; 2001, ch. 247, § 5.
The 2001 amendment, effective June 15, 2001, inserted "utility cost savings and conservation-related cost savings appropriated by the legislature and other"; and substituted "Public Facility" for "Public Building".
The 1997 amendment, effective June 20, 1997, substituted "utility" for "energy" throughout the section and inserted "and Water Conservation".
Structure 2021 New Mexico Statutes
Article 23 - Public Facility Energy Efficiency
Section 6-23-4 - Guaranteed utility savings contract; performance guarantee required.
Section 6-23-5 - Contract approval required.
Section 6-23-6 - Contracts and agreements not a general obligation of the governmental unit.
Section 6-23-6.1 - Reporting and retention of utility cost savings for state agencies.
Section 6-23-7 - Public school utility conservation fund created; use.
Section 6-23-8 - Municipalities; use of certain revenues authorized.
Section 6-23-9 - Counties; use of certain revenues authorized.
Section 6-23-10 - State institutions and buildings; use of certain revenues authorized.