To expand the things cities can spend money on under a scheme that lets them contract with vendors for energy efficiency projects on facilities and pay for these with money the projects are supposed to save (or from regular tax revenue if savings don’t appear). The bill would allow vendor installment contract durations of up to 20 years, allow locals to spend on information technology and utility projects they assert are related to the energy saving scheme, expand the types of deals they can make with vendors to include “lease-purchase” agreements.   Official Text and Analysis.

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

To expand the things cities can spend money on under a scheme that lets them contract with vendors for energy efficiency projects on their facilities and pay for these with money the projects are supposed to save (or from regular tax revenue if savings don’t appear). The bill would allow vendor installment contract durations of up to 20 years, allow locals to spend on information technology and utility projects they assert are related to the energy saving scheme, expand the types of deals they can make with vendors to include “lease-purchase” agreements described in the bill.

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

To concur with the Senate-passed version of the bill.