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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 18.1722 Use of designated funds, bonds, or master lease; financing by third party.
Universal Citation: MI Comp L § 18.1722 (2017)
18.1722 Use of designated funds, bonds, or master lease; financing by third party.
Sec. 12.
(1) A governmental unit may use designated funds, bonds, or master lease for any energy performance contract, including purchases using installment payment contracts or lease purchase agreements, if that use is consistent with the purpose of the appropriation.
(2) Unless otherwise provided by law or ordinance, a governmental unit may use funds designated for operating and capital expenditures or utilities for any energy performance contract.
(3) A guaranteed energy savings contract may provide for financing, including tax-exempt financing, by a third party. The contract for third-party financing may be separate from the guaranteed energy savings contract.
History: 2012, Act 625, Eff. Mar. 28, 2013
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