AN ACT ALLOWING THE CONSTITUENT UNITS OF THE STATE SYSTEM OF HIGHER EDUCATION TO ENTER INTO ENERGY-SAVINGS PERFORMANCE CONTRACTS.

HB 6444 allows public colleges and universities in the state to enter into energy-savings performance contracts with qualified providers. These contracts let institutions upgrade facilities (like lighting, HVAC, or insulation) without upfront costs, paying only from guaranteed energy savings. The bill requires that savings must exceed costs over a 30-year payback period, and providers must guarantee annual savings meet or exceed total contract payments. It establishes a standardized process through the Department of Energy for these contracts, directly affecting all constituent units of the state higher education system.