Okla. Stat. tit. 61, § 61-210
This is the official text of Okla. Stat. tit. 61, § 61-210, part of Oklahoma’s Stat. tit. 61, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 61,." Browse the sections below, each linked to its official government source.
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Model shared savings contract
Official statutory text
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 Page 61
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.
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 Page 61
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.
Status: in_force · Read it on the official government site
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