By: Zaffirini S.B. No. 533 (Keffer) A BILL TO BE ENTITLED AN ACT relating to a review of cost savings to state agencies and institutions of higher education under energy savings performance contracts. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 51.927, Education Code, is amended by adding Subsection (l) to read as follows: (l) The guidelines established under Subsection (i) must require the Texas Higher Education Coordinating Board to: (1) review any reports submitted to the board that measure and verify cost savings to an institution of higher education under an energy savings performance contract; and (2) based on the reports, provide an analysis, on a periodic basis, of the cost savings under the energy savings performance contract to the governing board of the institution of higher education and the Legislative Budget Board until the governing board of the institution of higher education determines that the analysis is no longer required to accurately measure cost savings. SECTION 2. Section 2166.406, Government Code, is amended by adding Subsection (l) to read as follows: (l) The guidelines adopted under Subsection (i) must require the State Energy Conservation Office to: (1) review any reports submitted to the office that measure and verify cost savings to a state agency under an energy savings performance contract; and (2) based on the reports, provide an analysis, on a periodic basis, of the cost savings under the energy savings performance contract to the state agency and the Legislative Budget Board until the state agency determines that the analysis is no longer required to accurately measure cost savings. SECTION 3. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2013.