Enrolled Bill Summary

House Bill 1243 adds a new chapter to the Local Government Code to authorize a county, municipality, or political subdivision to enter into performance contracts for energy conservation measures to reduce energy consumption and operating costs. The act sets out the types of energy conservation contracts authorized and the procedures for bidding and awarding contracts. The act also provides that a local government may require the contractor to file a payment and performance bond to protect the interests of the local government and authorizes the use of a lease-purchase contract that begins after the final date of installation with a term not to exceed 10 years.