(1) State agencies may enter into such contractual and other arrangements as are necessary or convenient to design, develop, operate and finance projects on-site at state owned or state rented facilities.

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(2)(a) For as long as a project established under ORS § 469.752 to 469.756 produces savings:

(A) A state agency’s budget may not be cut because of savings due to the project; and

(B) A state agency shall retain 100 percent of the net savings to the state agency after any project debt service.

(b) Savings from a project must be deposited in a revolving fund administered by the state agency.

(3) A state agency shall spend the savings under subsection (2) of this section to increase productivity through:

(a) Energy efficiency projects;

(b) High-tech improvements, such as the purchase or installation of new desktop or laptop computers or the linkage of computers into systems or networks; or

(c) Infrastructure improvements.

(4) The moneys credited to the revolving fund may be invested and reinvested as provided in ORS § 293.701 to 293.790. Notwithstanding ORS § 293.105 (3) or any other provision of law, interest or other earnings on moneys in the revolving fund must be credited to the revolving fund.

(5) ORS § 469.752 to 469.756 do not authorize a state agency to sell electricity to an entity other than an investor owned utility, a publicly owned utility, an electric cooperative utility or the Bonneville Power Administration.

(6) ORS § 469.752 to 469.756 do not limit the authority of a state agency conferred by any other provision of law, or affect any authority, including the authority of a municipality, to regulate utility service under existing law. [1991 c.487 § 2; 1993 c.86 § 2; 2023 c.442 § 19]

See note under 469.752.