US Congress Senate Bill 765 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on March 17 2015 - 25% progression, died in committee
Action: 2015-03-17 - Read twice and referred to the Committee on the Budget.
Pending: Senate Budget Committee
Text: Latest bill text (Introduced) [PDF]

A bill to appropriately determine the budgetary effects of energy savings performance contracts and utility energy service contracts. This bill provides directions to the Congressional Budget Office (CBO) for determining the budgetary effects of energy savings performance contracts and utility energy service contracts. Under an energy savings performance contract, a private party agrees to fund energy-efficient upgrades for a federal facility, and the federal agency agrees to pay the private party from reductions in the agency's energy costs. Under a utility energy service contract, the services and equipment are provided by a utility. In scoring legislation that modifies the authority to enter into the contracts or the scope, terms, or use of the contracts, CBO must: (1) record all budgetary effects during the first year in which the authority or modification becomes effective, (2) calculate the cost and savings on a net present value basis by adding market risk over the useful life of the services or product to the discount rate required by the Federal Credit Reform Act of 1990, and (3) classify the effects to be changes in spending subject to the availability of appropriations. CBO currently scores the authority to enter into the contracts as a form of mandatory spending rather than discretionary spending that is subject to the appropriations process.

A bill to appropriately determine the budgetary effects of energy savings performance contracts and utility energy service contracts.

Sen. Rob Portman [R-OH]

Sen. Cory Gardner [R-CO]

Date	Chamber	Action
2015-03-17	Senate	Read twice and referred to the Committee on the Budget.

SCR11 (Related) 2015-05-06 - Message on Senate action sent to the House.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/765/all-info
Text	https://www.congress.gov/114/bills/s765/BILLS-114s765is.pdf