90-4-614. Appropriation of energy cost savings. (1) In preparing the executive budget each biennium, the governor shall include for each state agency that is participating in the state energy conservation program using money from the sale of energy conservation program bonds an estimate of the energy cost savings expected for that agency in each year of the biennium.
(2) Each session, the legislature shall review the governor's submission pursuant to 90-4-606 and subsection (1) of this section and appropriate in the general appropriations act authority for each participating state agency to transfer funds in an amount equal to the agency's energy cost savings to the energy conservation program debt service account established in 90-4-625. These transfers must be made for a period that is equal to the term of the bonds, plus 1 year.
(3) The current level utility appropriations of each state agency participating in the energy conservation program must be reduced by the amount appropriated in subsection (2).
(4) Each participating state agency shall transfer upon request of the department the amount appropriated in accordance with subsection (2).
History: En. Sec. 6, Ch. 350, L. 1993; amd. Sec. 2, Ch. 497, L. 2003; amd. Sec. 3, Ch. 240, L. 2011.
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