Colorado § 24-30-2003 - Energy cost-savings contracts.
Full text of Colorado Colorado Revised Statutes § 24-30-2003 — Energy cost-savings contracts., with citation guidance and answers to common questions.
§ 24-30-2003. Energy cost-savings contracts.
(1) A state agency may enter into an energy cost-savings contract with any person or entity experienced in the design and implementation of utility cost-savings measures for buildings or other facilities, with any person or entity experienced in the calculation and analysis of vehicle fleet operational and fuel cost savings, or with the entity or person who performed the energy analysis and recommendations pursuant to section 24-30-2002 if:
(a) (I) In the case of a utility cost-savings contract, the energy analysis and recommendations made pursuant to section 24-30-2002 indicate that the expected annual contract payments required under the utility cost-savings contract and any additional maintenance costs for one or more utility cost-savings measures are expected to be equal to or less than the sum of the utility cost savings and operation and maintenance cost savings achieved by the implementation of such measures on an annual basis; or
(II) In the case of a vehicle fleet operational and fuel cost-savings contract, the energy analysis and recommendations made pursuant to section 24-30-2002 indicate that the expected annual contract payments required under the vehicle fleet operational and fuel cost-savings contract for one or more vehicle fleet operational and fuel cost-savings measures are expected to be equal to or less than the sum of the vehicle fleet cost savings achieved by the implementation of such measures on an annual basis; and
(b) The state personnel director or the director's designee, with input from the director of the state energy office, pursuant to criteria contained in procedures established by the state personnel director, approves the energy analysis and recommendations made pursuant to section 24-30-2002.
(2) (a) Except as provided in paragraph (b) of this subsection (2), an energy cost-savings contract shall be negotiated by the state agency pursuant to the negotiation requirements described in part 14 of this article.
(b) The negotiation requirements described in part 14 of this article and any other state competitive bidding or procurement provision shall not apply to a state agency that enters into an energy cost-savings contract with the entity or person who performed the energy analysis for and made recommendations to the state agency pursuant to section 24-30-2002.
(3) An energy cost-savings contract may include appropriate financed purchase of an asset or certificate of participation or other authorized financing agreements.
(4) The legislative authorization required by section 24-82-801 (1) shall not apply to a financed purchase of an asset or certificate of participation agreement in an energy cost-savings contract and no subsequent legislative authorization shall be required for any payment made pursuant to such an agreement.
(5) Payments by a state agency required under an energy cost-savings contract may be made from moneys appropriated to the state agency for operating expenses or utilities appropriations available to the state agency at the time the contract payments are due.
(6) The provisions of articles 91 and 92 of this title shall not apply to utility cost-savings contracts.
(7) Utility cost-savings contracts shall be subject only to the supervisory provisions of part 13 of this article.
(8) All savings realized as a result of an energy cost-savings contract that are in excess of the annual calculated savings by such contract may be utilized as provided in section 24-75-108 (3).
(9) The energy cost-savings contracts authorized by this section shall provide that all of the obligations of the state under such contracts shall be subject to the action of the general assembly in annually making moneys available for all payments thereunder and that the obligations shall not be deemed or construed as creating an indebtedness of the state within the meaning of any provision of the state constitution or the laws of the state concerning or limiting the creation of indebtedness by the state and shall not constitute a multiple fiscal-year direct or indirect debt or other financial obligation of the state within the meaning of section 20 (4) of article X of the constitution.
(10) The state personnel director may establish procedures containing criteria for authorization of energy cost-savings contracts.
Source: L. 2001: Entire part added, p. 1091, § 1, effective August 8. L. 2009: (4) amended, (HB 09-1218), ch. 132, p. 574, § 10, effective July 1. L. 2010: (1)(a) amended, (SB 10-207), ch. 410, p. 2028, § 3, effective June 10. L. 2013: (1), (2), (3), (4), (5), (8), (9), and (10) amended, (SB 13-254), ch. 403, p. 2361, § 3, effective June 5. L. 2021: (3) and (4) amended, (HB 21-1316), ch. 325, p. 2025, § 35, effective July 1.
PART 21
ADDRESS CONFIDENTIALITY PROGRAM
Editor's note: This part 21 was added with relocations in 2011. Former C.R.S. section numbers are shown in editor's notes following those sections that were relocated.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-30-2003
What does Colorado Revised Statutes § 24-30-2003 cover?
Section 24-30-2003 ("Energy cost-savings contracts.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 24-30-2003?
A common citation format is "Colorado Revised Statutes § 24-30-2003" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 24-30-2003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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