Sec. 5. Energy conservation
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Section 9(e)(2) of the United States Housing Act of 1937 ( 42 U.S.C. 1437g(e)(2) ) is amended by adding at the end the following: A small public housing agency, as defined in section 37(a), may elect to be paid for its utility and waste management costs under the formula for a period, at the discretion of the small public housing agency, of up to 20 years based on the small public housing agency’s average annual consumption during the 3-year period preceding the year in which the election is made (hereafter referred to as consumption base level ).
The Secretary shall make an initial one-time adjustment in the consumption base level to account for differences in the heating degree day average over the most recent 20-year period compared to the average in the consumption base level. The Secretary shall make adjustments in the consumption base level to account for an increase or reduction in units, a change in fuel source, a change in resident controlled electricity consumption, or for other reasons. All cost savings resulting from an election made pursuant to this subparagraph shall accrue to the small agency and may be used for any public housing purpose at the discretion of the small public housing agency.
A small public housing agency making an election under this subparagraph may use, but shall not be required to use, the services of a third party in its energy conservation program. The small public housing agency shall have the sole discretion to determine the source, and terms and conditions, of any financing used for its program. .
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Sec. 5
Energy conservation
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