There is a newer version
of
this Section
2017 Michigan Compiled Laws
Chapter 18 - Department of Management and Budget
Act 625 of 2012 COST-EFFECTIVE GOVERNMENTAL ENERGY USE ACT (18.1711 - 18.1725)
Section 18.1712 "Cost-effective" defined.
Universal Citation: MI Comp L § 18.1712 (2017)
18.1712 "Cost-effective" defined.
Sec. 2.
"Cost-effective" means that the present value to a governmental unit of the energy, utility, capital cost avoidance, capital improvement, and operational costs and revenues reasonably expected to be saved or produced by a facility, activity, measure, equipment, or system over its useful life, including any compensation received from a utility, is greater than the net present value of the costs of implementing, maintaining, and operating such facility, activity, measure, equipment, or system over its useful life, if discounted at the cost of public borrowing.
History: 2012, Act 625, Eff. Mar. 28, 2013
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
