Sec. T-1. Department of Corrections; lease-purchase authorization; variable speed drives. Pursuant to the Maine Revised Statutes, Title 5, section 1587, the Department of Administrative and Financial Services, on behalf of the Department of Corrections, may enter into financing arrangements in fiscal year 2006-07 for the acquisition and installation of energy-saving devices, such as variable speed drives, for Department of Corrections facilities. The financing agreements may not exceed 5 years in duration and $2,400,000 in principal costs. The interest rate may not exceed 7% and total interest costs may not exceed $720,000. The annual principal and interest costs must be paid from the appropriate All Other line categories appropriations in the affected Department of Corrections accounts.
Sec. T-2. Department of Corrections; lease-purchase authorization; occupancy sensors; energy-efficient windows. Pursuant to the Maine Revised Statutes, Title 5, section 1587, the Department of Administrative and Financial Services, on behalf of the Department of Corrections, may enter into financing arrangements in fiscal year 2006-07 for the acquisition and installation of energy-saving devices, such as occupancy sensors and energy-efficient windows, for Department of Corrections facilities. The financing agreements may not exceed 10 years in duration and $1,200,000 in principal costs. The interest rate may not exceed 7% and total interest costs may not exceed $425,000. The annual principal and interest costs must be paid from the appropriate All Other line categories appropriations in the affected Department of Corrections accounts.
Sec. T-3. Reporting requirements. The Commissioner of Corrections shall submit a written report by January 15, 2007 and January 15th of each subsequent year to the joint standing committee of the Legislature having jurisdiction over appropriations and financial affairs identifying the savings achieved due to the acquisition and installation of the energy-saving devices specified in this Part.
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