Bill Summary for S 547 (2013-2014)

Summary date: 

Jul 17 2013
S.L. 2013-396

Bill Information:

View NCGA Bill Details2013-2014 Session
Senate Bill 547 (Public) Filed Thursday, March 28, 2013
A BILL TO BE ENTITLED AN ACT TO AMEND THE STATUTES GOVERNING GUARANTEED ENERGY SAVINGS CONTRACTS FOR GOVERNMENTAL UNITS.
Intro. by Hunt.

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Bill summary

House committee substitute to the 3rd edition makes the following changes.

Deletes all of Section 4 of the act, which repealed GS 143-64.17L and GS 143-64.17M; amended GS 143-64.17F, GS 143-64.17H, GS 142-63, and GS 142-64, and allowed NC State University to continue to self-perform the specified projects.

Adds a new Section 4 to the act as follows. Amends GS 143-64.17L(e) to allow the Board of Governors to allow UNC Charlotte, in addition to NC State University, to implement an energy conservation measure without entering into a guaranteed savings contract. Amends GS 142-63 by deleting the provision that allowed a state governmental unit that has solicited a guaranteed energy conservation measure or the State Treasurer to execute and deliver a financing contract to finance the costs of the energy conservation measure, with a $5 million cap on the aggregate outstanding amount payable to the state under financing contracts entered into under the Article.

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