Section 6-23-6 - Contracts and agreements not a general obligation of the 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. ANNOTATIONSThe 2001 amendment, effective June 15, 2001, inserted 'utility cost savings and conservation-related cost savings appropriated by the legislature and other'; and substituted 'Public Facility' for 'Public Building'. The 1997 amendment, effective June 20, 1997, substituted 'utility' for 'energy' throughout the section and inserted 'and Water Conservation'.