S.C. Code Ann. § 48-52-660

Lease purchase agreements with energy efficiency products vendors and utility companies; procurements for energy-using goods and facilities

Known as the South Carolina Energy Efficiency Act

The act spans §§ 48–48 (23 sections).

1992 Act No. 449, Part II, SECTION 1; 1999 Act No. 89, SECTION 3.

(A) A state agency or political subdivision of the State may enter into lease purchase agreements for a duration of more than one year with vendors of energy efficiency products and utility companies. No funds disclaimer clause as provided for in Section 11-35-2030 is required in these contracts. Repayment is allowed from savings on the entity's budget.

(B) Procurements under the South Carolina Consolidated Procurement Code for energy-using goods and facilities must be procured through competitive sealed proposals pursuant to Section 11-35-1530 with life cycle cost criteria stated as an evaluation factor that must be addressed in a proposal.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.