Modifies provisions for energy cost savings contracts for governmental units in Missouri.
The bill modifies provisions for energy cost savings contracts for governmental units in Missouri. It defines "guaranteed energy cost savings contract" and "energy cost savings measure," and outlines the process for entering into such contracts. The bill specifies that governmental units must follow competitive proposal procedures and include budget measures for contract payments. It also allows the use of designated funds for these contracts and prohibits new construction or substantial renovation outside the scope of energy cost savings measures.
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