Honorable Phil King, Chair, House Committee on Regulated Industries
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
SB831 by Ellis (Relating to energy savings performance contracts. ), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend statute and extend the financing term on energy savings performance contracts from 15 years to 20 years from the final date of installation or the average useful life of the energy measures, whichever is less. It is assumed that any additional costs associated with implementing the provisions of the bill could be absorbed within existing state resources. It is also assumed that any savings associated with the bill would not be significant.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 701 Central Education Agency, 781 Higher Education Coordinating Board