6-23-6. Contracts and agreements not a general obligation of the
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/nm/chapter-6-public-finances/article-23-public-facility-energy-efficiency/6-23-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
governmental unit.
Payment obligations of a governmental unit pursuant to a guaranteed utility savings contract with a qualified provider and any installment payment contract or lease- purchase agreement pursuant to a guaranteed utility savings contract are not general obligations of the governmental unit and are collectible only from utility cost savings and conservation-related cost savings appropriated by the legislature and other revenues pledged for that purpose in accordance with the Public Facility Energy Efficiency and Water Conservation Act.
History: Laws 1993, ch. 231, § 6; 1997, ch. 42, § 6; 2001, ch. 247, § 5.