Texas SB1050 regulates energy savings performance contracts for local governments, including procurement procedures and criminal offenses.

Texas SB1050 amends the Local Government Code to regulate energy savings performance contracts for local governments. It mandates that local governments may enter into such contracts if they include specific provisions and receive approval from the State Energy Conservation Office. The bill outlines procurement procedures, including the use of a request for qualifications process and the requirement for an investment grade audit. It also establishes a fraud deterrence program and creates criminal offenses for soliciting or securing contracts with contingent fees.

Texas SB1050 regulates energy savings performance contracts for local governments, including procurement procedures and criminal offenses.

Texas SB1050 amends the Local Government Code to regulate energy savings performance contracts for local governments. It mandates that local governments may enter into such contracts if they include specific provisions and receive approval from the State Energy Conservation Office. The bill outlines procurement procedures, including the use of a request for qualifications process and the requirement for an investment grade audit. It also establishes a fraud deterrence program and creates criminal offenses for soliciting or securing contracts with contingent fees.