HB 1297-1_ Filed 02/22/2010, 10:53 Kenley

SENATE MOTION


MADAM PRESIDENT:

    I move
that Engrossed House Bill 1297 be amended to read as follows:

SOURCE: Page 3, line 10; (10)MO129703.3. -->     Page 3, between lines 10 and 11, begin a new paragraph and insert:
SOURCE: IC 21-33-4-5; (10)MO129703.3. -->     "SECTION 3. IC 21-33-4-5, AS ADDED BY P.L.2-2007, SECTION 274, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 5. (a) After reviewing proposals submitted under this chapter, a state educational institution may enter into energy cost savings contracts with a qualified provider if the state educational institution reasonably expects that the cost of a qualified energy savings project recommended in the proposal would not exceed the amount to be saved in either energy or operational costs, or both, within:
         (1) the ten (10) year period following the date installation is complete if the recommendations in the proposal are followed, in the case of a project in which the qualified provider does not pay the full amount of the installation costs; or
        (2) the twenty (20) year period following the date installation is complete if the recommendations in the proposal are followed, in the case of a project in which the qualified provider pays the full amount of the installation costs.

     (b) An energy cost savings contract may also include a guaranty from the qualified provider to the state educational institution that either the energy or operational cost savings, or both, will meet or exceed the cost of the energy cost savings projects not later than:
         (1) ten (10) years after the date installation is complete, in the case of a project subject to subsection (a)(1); or

        (2) twenty (20) years after the date installation is complete, in the case of a project subject to subsection (a)(2).
".
    Renumber all SECTIONS consecutively.
    (Reference is to EHB 1297 as printed February 19, 2010.)

________________________________________

Senator KENLEY


MO129703/DI 73
2010