11-44-202 - Types of agreements. - Utah Statutes

11-44-202. Types of agreements.
Notwithstanding Section 63G-6-416, a political subdivision shall structure an energyservice agreement as a guaranteed energy savings performance contract, which shall include:
(1) the design and installation of an energy efficiency measure, if applicable;
(2) operation and maintenance of any energy efficiency measure implemented; and
(3) guaranteed annual cost savings that meet or exceed the total annual contract paymentsby the political subdivision under the contract, including financing charges incurred by thepolitical subdivision over the life of the contract.

Enacted by Chapter 244, 2010 General Session