Oklahoma § 61-210 - Model shared savings contract

§ 61-210. Model shared savings contract

A. Shared savings contracts shall be developed in accordance

with a model contract developed by the Office of Management and

Enterprise Services. The model contract shall include:

1. The methodology for calculating baseline energy costs;

Oklahoma Statutes - Title 61. Public Buildings and Public Works

2. A procedure for revising these costs should the state

institute additional energy conservation features or structure use

change;

3. A requirement for a performance bond guaranteeing that the

structure will be restored to the original condition in the event of

default;

4. A provision for early buyout;

5. A clause specifying who will be responsible for maintaining

the equipment; and

6. A provision allowing the disposal of equipment at the end of

the contract.

No state agency or department shall substantially alter the

provisions described in the model without the permission of the

Office.

B. Contracts subject to this section shall be awarded pursuant

to the provisions of subsection A of Section 208 of this title.

Added by Laws 1986, c. 83, § 3. Amended by Laws 2000, c. 363, § 22,

emerg. eff. June 6, 2000; Laws 2012, c. 304, § 328; Laws 2013, c.

302, § 16, eff. Nov. 1, 2013; Laws 2022, c. 238, § 35, eff. Nov. 1,

2022.