Improving State and Local Government Access to Performance Contracting Act of 2024

Bill 118 s 3753, also known as the Improving State and Local Government Access to Performance Contracting Act of 2024, aims to enhance the ability of state and local governments to utilize performance contracting for energy efficiency and infrastructure improvements. Performance contracting allows governments to partner with private companies to fund and implement projects that improve energy efficiency and reduce costs over time.

The bill seeks to streamline the process for state and local governments to enter into performance contracts by providing technical assistance, training, and resources. It also establishes a grant program to help cover the costs associated with performance contracting, making it more accessible for smaller governments with limited resources.

Additionally, the bill includes provisions to ensure transparency and accountability in performance contracting agreements, requiring regular reporting on project progress and outcomes. This will help ensure that taxpayer dollars are being used effectively and efficiently. Overall, the Improving State and Local Government Access to Performance Contracting Act of 2024 aims to promote energy efficiency, reduce costs, and improve infrastructure in state and local governments through the use of performance contracting.