SECTION 260:65-15-11. Guaranteed savings

Latest version.

(a)   All identified savings must be fully reimbursable.
(b)   ESC shall reimburse the agency for any shortfall below the yearly guaranteed amount contained in the contract.
(c)   Excess savings realized above the amount guaranteed by the ESC within a single year shall not be used to cover deficiencies in savings from other years.
(d)   Should there be three consecutive months of short-fall on the amount guaranteed, the ESC shall investigate and report the cause to the agency.
(e)   Guaranteed savings identified by the ESC shall include only energy savings that can be quantified and documented. Savings identified shall not include savings realized from changes in operational efficiency, cost avoidance, or adjustments in environmental levels below the minimum established by the agency.

[Source: Added at 31 Ok Reg 1423, eff 9-12-14]

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');