Missouri Legislature Allows Agencies to Save Through Energy Performance Contracts

July 14, 2005

In his final action of the 2005 legislative session, Missouri Governor Matt Blunt signed Senate Bill (SB) 122 on July 14 that allows state agencies to keep a portion of their savings from energy performance contracts in their yearly budgets. Called the "Energy Efficiency Implementation Act," SB-122 would allows the Missouri Office of Administration to identify and deposit into its revolving trust fund no more than 2.5% of the total cost savings from a guaranteed energy cost savings contract. Subject to appropriation by the Missouri Legislature, the Missouri Office of Administration may spend some of these savings in the fund to offset all costs associated with the implementation of future guaranteed energy cost savings contracts. Read the Energy Efficiency Implementation Act.

Source: Summer 2005 edition of the Alliance to Save Energy's State Energy Policy Bulletin.