House Sponsors: SMITH,MICHAEL-TENHOUSE-HANNIG-HARTKE. Short description: ENERGY SAVINGS CONTRACT Synopsis of Bill as introduced: Amends the Local Government Energy Conservation Act and the Article of the School Code concerning school energy conservation and savings measures. Increases the number of years (from 10 years to 20 years) within which an energy savings contract guarantees that either the energy or operational cost savings, or both, will meet or exceed the costs of the energy conservation measures. Increases the maximum number of years (from 10 years to 20 years) over which an energy savings contract may provide for payments. Repeals a provision of the School Code requiring the transfer of guaranteed energy savings amounts to the fire prevention and safety fund or to the bond and interest fund. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status