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 not more than 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 (referred to in this subparagraph as the 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 by a small public housing agency under this subparagraph— shall accrue to the small public housing 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; and shall have the sole discretion to determine the source, and terms and conditions, of any financing used for its energy conservation program. .
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Sec. 5
Energy conservation
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