Energy efficiency; performance-based efficiency contracts; energy conservation measures; definitions; effective date.
Impact
This legislation modifies existing laws by providing a clearer authority for state agencies to enter into such contracts, streamlining the process and reducing the bureaucratic burden. The ability to guarantee savings through these contracts is intended to give school districts a mechanism to improve their energy efficiency without risking financial loss. The bill emphasizes documentation and verification of savings on an annual basis, ensuring accountability and transparency in the use of public funds.
Summary
House Bill 3691 establishes a framework for public entities, specifically school districts, to enter into performance-based efficiency contracts for energy conservation measures. The bill aims to reduce utility consumption and lower operating costs through various improvements such as insulation, HVAC modifications, and energy-efficient lighting. One notable aspect is that public entities can finance these contracts through lease-purchase agreements while ensuring that contract costs do not exceed the savings derived from the energy conservation measures implemented, thus aligning financial incentives with environmental goals.
Sentiment
Overall, the sentiment surrounding HB 3691 appears to be positive among lawmakers and stakeholders, particularly those advocating for sustainability and cost-saving measures. Supporters argue that this approach not only addresses environmental considerations but also helps school districts manage their budgets more effectively. By focusing on long-term savings and efficiency, the bill is seen as a proactive measure to enhance the sustainability of public facilities.
Contention
Despite the general support, some potential points of contention include concerns about the feasibility of guaranteed savings and the potential quality of work from providers. Critics may question whether the energy savings can consistently meet the projections and whether school districts may become reliant on external providers for essential energy management. Additionally, the requirement for qualified providers to have specific expertise could limit options and potentially lead to higher costs, raising concerns about equitable procurement practices.
Relating to energy efficiency goals and programs and demand reduction targets; creating an office of energy efficiency deployment in the state energy conservation office.
Relating to the regulation of funding agreements, guaranteed investment contracts, and synthetic guaranteed investment contracts issued by a life insurer; clarifying certain provisions relating to insurer receivership.
Relating to the regulation of funding agreements, guaranteed investment contracts, and synthetic guaranteed investment contracts issued by a life insurer.
Consumer protection: other; guaranteed asset protection waiver act; modify and update to the motor vehicle financial protection products act. Amends title & secs. 1, 3, 5, 7, 9 & 11 of 2009 PA 229 (MCL 492.21 et seq.); adds secs. 3a, 4 & 9a & pts. 5 & 9; designates sec. 1 as pt. 1, sec. 3 as pt. 2, sec. 3a as pt. 3, secs. 4, 5, 7, 9 & 9a as pt. 4 & sec. 11 as pt. 6 & repeals sec. 13 of 2009 PA 229 (MCL 492.33). TIE BAR WITH: SB 0344'23, SB 0345'23, SB 0346'23, SB 0347'23