(50 ILCS 515/20)
Sec. 20. Guarantee. The guaranteed energy savings contract shall
include a written guarantee of the qualified provider that either the
energy or operational cost savings, or both, will meet or exceed within 20
years the costs of the energy conservation measures. The qualified provider
shall reimburse the unit of local government for any shortfall of guaranteed
energy
savings projected in the contract. A qualified provider shall provide a
sufficient bond to the unit of local government for the installation and the
faithful performance of all the measures included in the contract. The
guaranteed energy savings contract may provide for payments over a period
of time, not to exceed 20 years from the date of the final installation of
the measures.
(Source: P.A. 96-1197, eff. 7-22-10.)
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