Section 1-33B-7 - Notice of award of guaranteed energy savings contract--Amount spent not to exceedamount saved. - South Dakota Statutes

1-33B-7. Notice of award of guaranteed energy savings contract--Amount spent not to exceed amount saved. The governmental unit shall provide public notice of the meeting at which it proposes to award a guaranteed energy savings contract, of the names of the parties to the proposed contract, and of the purpose of the contract. The public notice shall be by legal newspaper as provided by chapter 17-2 and be made at least ten days prior to the meeting. After reviewing the report under § 1-33B-4, a governmental unit may enter into a guaranteed energy savings contract with a qualified provider if it finds that the amount it would spend on the energy conservation measures recommended in the proposal would not exceed the amount to be saved in either energy or operation costs, or both, within a fifteen-year period from the date of installation, if the recommendations in the proposal are followed.

Source: SL 1992, ch 14, § 7; SL 2003, ch 21, § 1.