(110 ILCS 62/15)
Sec. 15. Award of guaranteed energy savings contract. Sealed
proposals must be opened by the public university's board of trustees or a
designee of that board at a
public opening at which the contents of the proposals must be announced.
Each person or entity submitting a sealed proposal must receive at least 10
days notice of the time and place of the opening.
The public university
shall select the qualified provider that best meets the needs of
the university. The public university shall provide public notice of
the
meeting at which it proposes to award a guaranteed energy savings contract
and of the names of the parties to the proposed contract and the purpose of
the contract. The public notice shall be made at least 10 days prior to
the meeting. After evaluating the proposals under Section 10, a public
university
may enter into a guaranteed energy savings contract with a
qualified provider if it finds that the amount it would spend on the
energy
conservation measures recommended in the proposal would not exceed the
amount to be saved in either energy or operational costs, or both, within a
20-year
period from the date of installation, if the recommendations in
the proposal are followed. Contracts let or awarded shall be published in the next available subsequent Illinois Public Higher Education Procurement Bulletin.
(Source: P.A. 94-1062, eff. 7-31-06.)
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