IN HB1209 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 9 2018 - 25% progression, died in committee
Action: 2018-01-18 - Representative Ober added as coauthor
Pending: House Government and Regulatory Reform Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Enforcement of guaranteed savings contracts. Provides that, for all guaranteed savings contracts, the governing body must provide the attorney general a copy of the executed guaranteed savings contract, preproject energy costs and documentation of stipulated project costs and capital expenditures. Provides that the attorney general shall review all guaranteed savings contracts and supporting documentation every three years. Provides that the attorney general may bring an action to enforce the terms of a guaranteed savings contract and recover the amount owed under the guaranteed savings contract. Provides that a court may award: (1) treble damages; or (2) $25,000; whichever is greater,

Tracking Information

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Title

Enforcement of guaranteed savings contracts. Provides that, for all guaranteed savings contracts, the governing body must provide the attorney general a copy of the executed guaranteed savings contract, preproject energy costs and documentation of stipulated project costs and capital expenditures. Provides that the attorney general shall review all guaranteed savings contracts and supporting documentation every three years. Provides that the attorney general may bring an action to enforce the terms of a guaranteed savings contract and recover the amount owed under the guaranteed savings contract. Provides that a court may award: (1) treble damages; or (2) $25,000; whichever is greater,

Sponsors


History

DateChamberAction
2018-01-18HouseRepresentative Ober added as coauthor
2018-01-09HouseRepresentative Karickhoff added as coauthor
2018-01-09HouseFirst reading: referred to Committee on Government and Regulatory Reform
2018-01-09HouseAuthored by Representative Friend

Indiana State Sources


Bill Comments

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