Indiana § 21-33-4-5 - Cost savings contracts
Full text of Indiana Indiana Code § 21-33-4-5 — Cost savings contracts, with citation guidance and answers to common questions.
§ 21-33-4-5. Cost savings contracts
Sec. 5. After reviewing proposals submitted under this chapter, a state educational institution may enter into energy cost savings contracts with a qualified provider if the state educational institution reasonably expects that the cost of a qualified energy savings project recommended in the proposal would not exceed the amount to be saved in either energy or operational costs, or both, within the ten (10) year period following the date installation is complete if the recommendations in the proposal are followed. An energy cost savings contract may also include a guaranty from the qualified provider to the state educational institution that either the energy or operational cost savings, or both, will meet or exceed the cost of the energy cost savings projects not later than ten (10) years after the date installation is complete.
[Pre-2007 Higher Education Recodification Citation: 20-12-5.5-7(h).]
As added by P.L.2-2007, SEC.274.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-33-4-5
What does Indiana Code § 21-33-4-5 cover?
Section 21-33-4-5 ("Cost savings contracts") is part of the Indiana Code, the codified statutory law of Indiana. 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 Indiana § 21-33-4-5?
A common citation format is "Indiana Code § 21-33-4-5" (Indiana). 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 Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-33-4-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.