Sec. 11. (a) A guaranteed savings contract that includes stipulated savings must specify the methodology used to calculate the savings using industry engineering standards.
(b) Stipulated savings may be used for conservation measures including the following:
(1) Heating.
(2) Air conditioning.
(3) Ventilating.
(4) Lighting.
(5) Roofing.
(6) Windows.
(7) Water conservation.
(8) Fuel and power improvements.
(9) Wastewater generation.
(10) Billable revenue increases.
(11) Any work that is causally connected to the conservation measures listed in subdivisions (1) through (10).
(c) The guaranteed savings contract shall:
(1) describe stipulated savings for:
(A) conservation measures; and
(B) work causally connected to the conservation measures; and
(2) document assumptions by industry engineering standards.
As added by P.L.98-2002, SEC.8. Amended by P.L.168-2006, SEC.19.
Structure Indiana Code
Chapter 12.5. Guaranteed Savings Contracts; Energy Efficiency Programs Used by School Corporations
36-1-12.5-0.5. "Actual Savings" Defined
36-1-12.5-0.6. "Billable Revenues" Defined; "Billable Revenue Increases" Defined; "Revenues" Defined
36-1-12.5-0.7. "Causally Connected Work" Defined
36-1-12.5-1. "Conservation Measure" Defined
36-1-12.5-1.5. "Governing Body" Defined
36-1-12.5-2. "Guaranteed Savings Contract" Defined
36-1-12.5-2.5. "Industry Engineering Standards" Defined
36-1-12.5-3. "Qualified Provider" Defined
36-1-12.5-3.5. "Related Capital Expenditures" Defined
36-1-12.5-3.7. "Stipulated Savings" Defined
36-1-12.5-4. "Utility Efficiency Program" Defined
36-1-12.5-5.3. Certification of Subcontractor Required
36-1-12.5-5.5. Procedures for Issuance of Bonds by Political Subdivisions Not Applicable
36-1-12.5-6. Report Before Installation or Remodeling
36-1-12.5-7. Installment Payment Contracts; Maximum Period
36-1-12.5-8. Approval Required
36-1-12.5-9. Payroll Records Required; Inspection
36-1-12.5-10. Submission of Contract and Annual Report to Department of Local Government Finance
36-1-12.5-11. Contracts That Include Stipulated Savings
36-1-12.5-12. Improvements Not Causally Connected to Conservation Measure