Okla. Stat. tit. 61, § 61-210: Model shared savings contract
Where this section sits in the code
- OK Code
- Title 61
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;
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.
Collected 2026-09-14T18:32:36Z. Source file · JSON