1. A. State agency and department shared savings contracts shall be developed in accordance with a model contract to be developed by the Division in cooperation with the Attorney General. The model contract shall include:

   1. 1. the methodology for calculating baseline energy costs;
   2. 2. a procedure for revising these costs should the state institute additional energy conservation features or structure use change;
   3. 3. a requirement for a performance bond guaranteeing that the structure will be restored to the original condition in the event of default;
   4. 4. a provision for early buy out;
   5. 5. a clause specifying who will be responsible for maintaining the equipment; and

   6. 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 Division.

2. B. Contracts subject to this section shall be awarded pursuant to the provisions of Section 208 of Title 61 of the Oklahoma Statutes.

Laws 1986, HB 1832, c. 83, § 3, emerg. eff. April 3, 1986.