1. (1) Except as provided in Subsections (2) and 11-13-204(3), each agreement under this chapter shall extend for a term not to exceed 50 years.

2. (2) Subsection (1) does not apply to an agreement to which:

   1. (a) a project entity is a party;
   2. (b) an electric interlocal entity is a party; or
   3. (c) an energy services interlocal entity is a party.

Amended by Chapter 8, 2014 General Session