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2017 South Dakota Codified Laws
Title 1 - STATE AFFAIRS AND GOVERNMENT
Chapter 33B - Guaranteed Energy Savings Contracts
§ 1-33B-3.1 Guaranteed cost savings defined.
Universal Citation: SD Codified L § 1-33B-3.1 (2017)
1-33B-3.1. Guaranteed cost savings defined. For the purposes of this chapter, the term, guaranteed cost savings, means a guaranteed annual measurable monetary reduction in utility, operating, and maintenance costs for each year of a guarantee period as a result of cost-saving measures. Guaranteed cost savings for utility savings shall be calculated using the mutually agreed upon baseline utility rates in use at the time of an investment-grade energy audit. Guaranteed cost savings for operation and maintenance cost savings shall be calculated using mutually agreed upon baseline operation and maintenance costs at the time of an investment-grade energy audit.
Source: SL 2016, ch 14, ยง 2.
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