A bill to appropriately determine the budgetary effects of energy savings performance contracts and utility energy service contracts.

Summary

This bill provides directions to the Congressional Budget Office (CBO) for determining the budgetary effects of energy savings performance contracts and utility energy service contracts. Under an energy savings performance contract, a private party agrees to fund energy-efficient upgrades for a federal facility, and the federal agency agrees to pay the private party from reductions in the agency's energy costs. Under a utility energy service contract, the services and equipment are provided by a utility. In scoring legislation that modifies the authority to enter into the contracts or the scope, terms, or use of the contracts, CBO must: (1) record all budgetary effects during the first year in which the authority or modification becomes effective, (2) calculate the cost and savings on a net present value basis by adding market risk over the useful life of the services or product to the discount rate required by the Federal Credit Reform Act of 1990, and (3) classify the effects to be changes in spending subject to the availability of appropriations. CBO currently scores the authority to enter into the contracts as a form of mandatory spending rather than discretionary spending that is subject to the appropriations process.

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Timeline

1. 17 March 2015

   Introduced

   Read twice and referred to the Committee on the Budget.

   Source: IntroReferral

2. 17 March 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 17 March 2015 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 17 March 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 17 March 2015

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 17 March 2015

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Portman, Rob [R-OH] · R · Sponsor
• Sen. Gardner, Cory [R-CO] · R · Sponsor
• · ssbu00 · Standing

Related records

• related to ← An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2016 and setting forth the appropriate budgetary levels for fiscal years 2017 through 2025.