The governing body shall:

1. (1) provide to the director of the department of local government finance not more than sixty (60) days after the date of execution of the guaranteed savings contract:

   1. (A) a copy of the executed guaranteed savings contract;

   2. (B) the:

      1. (i) energy or water consumption costs;
      2. (ii) wastewater usage costs; and

      3. (iii) billable revenues, if any;

         before the date of execution of the guaranteed savings contract; and

   3. (C) the documentation using industry engineering standards for:

      1. (i) stipulated savings; and
      2. (ii) related capital expenditures; and
2. (2) annually report to the director of the department of local government finance, in accordance with procedures established by the department, the savings resulting in the previous year from the guaranteed savings contract or utility efficiency program.

As added by P.L.24-1993, SEC.6. Amended by P.L.208-1995, SEC.10; P.L.98-2002, SEC.7; P.L.1-2006, SEC.556; P.L.168-2006, SEC.18; P.L.109-2015, SEC.57; P.L.233-2015, SEC.331.