SB15-134 - Energy Cost-savings Contracts For Vehicle Fleets

Postponed Indefinitely
Concerning Energy Cost-Savings Contracts Entered Into By Governmental Entities For Vehicle Fleets.

Current law allows a state agency or political subdivision to enter into a vehicle fleet operational and fuel cost-savings contract if the amount of actual savings for each year during the contract period exceeds the amount of annual contract payments, including maintenance costs.

The bill clarifies that moneys included in annual contract payments for a cost-savings contract do not include moneys that would otherwise be allocated for vehicle purchases and vehicle operation and maintenance costs for the applicable fiscal year. The bill also clarifies that the expected total contract payments required under the cost-savings contract are expected to be equal to or less than total vehicle acquisition costs and operations, maintenance, and fuel costs over the lifetime of the contract, rather than in each year of the contract, if the agency did not implement the cost-saving measures.

Latest update: February 12, 2015
02/12/2015 Senate Committee on Agriculture, Natural Resources, & Energy Postpone Indefinitely
01/28/2015 Introduced In Senate - Assigned to Agriculture, Natural Resources, & Energy

3rd Reading Vote Summary - SB15-134*

House Vote Summary
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Senate Vote Summary
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