OAR 330-118-0070: Retaining Fifty Percent of Net Savings

A state agency that implements a project in accordance with this rule may retain 50 percent of the net savings and maintain its baseline energy budget by: (1) Prior to implementation of the project, the agency shall submit to the Budget and Management Division: (a) Notification in writing of their intent to exercise their 50 percent savings option, pursuant to ORS 469.754; and (b) Performance measures pertaining to the project. (2) The agency shall send annual reports of monitored savings and net savings for the project to the Budget and Management Division by September 1 of each year. (3) Upon Budget and Management Division approval, the agency shall transfer from its operations account half the amount of the accrued net savings to the revolving fund. The balance shall be transferred to the State’s General Fund.