Sec. 12.
(1) A governmental unit may use designated funds, bonds, or master lease for any energy performance contract, including purchases using installment payment contracts or lease purchase agreements, if that use is consistent with the purpose of the appropriation.
(2) Unless otherwise provided by law or ordinance, a governmental unit may use funds designated for operating and capital expenditures or utilities for any energy performance contract.
(3) A guaranteed energy savings contract may provide for financing, including tax-exempt financing, by a third party. The contract for third-party financing may be separate from the guaranteed energy savings contract.
History: 2012, Act 625, Eff. Mar. 28, 2013
Structure Michigan Compiled Laws
Chapter 18 - Department of Management and Budget
Act 625 of 2012 - Cost-Effective Governmental Energy Use Act (18.1711 - 18.1725)
Section 18.1711 - Short Title; Meanings of Words or Phrases.
Section 18.1712 - "Cost-Effective" Defined.
Section 18.1713 - Definitions; C, D.
Section 18.1714 - Definitions; E to O.
Section 18.1715 - Definitions; P to U.
Section 18.1718 - Annual Report.
Section 18.1719 - Cost-Savings Measures at Governmental Facilities; Departmental Assistance.
Section 18.1720 - Fees Charged by Department; Limitation.
Section 18.1721 - Investment Grade Energy Audit.
Section 18.1722 - Use of Designated Funds, Bonds, or Master Lease; Financing by Third Party.
Section 18.1723 - Energy Performance Contract; Provisions; Extension; Limitation.
Section 18.1724 - Annual Reconciliation of Energy Savings; Liability for Shortfall; Report.