§ 12-301. Energy performance contracts; consultation with Department of General Services
West's Annotated Code of MarylandState Finance and ProcurementEffective: July 1, 2022
Effective: July 1, 2022
MD Code, State Finance and Procurement, § 12-301
§ 12-301. Energy performance contracts; consultation with Department of General Services
(a)(1)(i) A unit shall consult with the Department of General Services during the development phase of a project that will require an energy performance contract.
(b)(1) Notwithstanding any other provision of law and subject to the approval and control of the Board of Public Works and the Chief Procurement Officer, a unit of State government is authorized to enter into energy performance contracts of up to 30 years' duration.
(iii) Any guarantees required under subparagraph (ii) of this paragraph may include a requirement that the contractor furnish a bond or other assurance to the State in an appropriate amount to guarantee projected performance and that the bond or other assurance be structured so that a failure to meet guaranteed performance savings will forfeit a portion of the bond or other assurance to match the shortfall in energy savings.
Credits
Added by Acts 1993, c. 477, § 1, eff. July 1, 1993. Amended by Acts 1994, c. 3, § 1, eff. Feb. 28, 1994; Acts 1996, c. 10, § 1, eff. April 9, 1996; Acts 1997, c. 69, § 1, eff. Oct. 1, 1997; Acts 2011, c. 163, § 1, eff. June 1, 2011; Acts 2012, c. 66, § 1, eff. April 10, 2012; Acts 2013, c. 43, § 1, eff. April 9, 2013; Acts 2017, c. 590, § 1, eff. Oct. 1, 2019; Acts 2019, c. 134, § 3, eff. Oct. 1, 2019; Acts 2020, c. 289, § 1, eff. July 1, 2020; Acts 2022, c. 247, § 1, eff. July 1, 2022.
MD Code, State Finance and Procurement, § 12-301, MD STATE FIN & PROC § 12-301
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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