The article focused on the New Jersey legislature’s enactment of a new law titled the Energy Savings Improvement Program. The new law focuses on contracts awarded for the provision of energy conservation and renewable energy to New Jersey’s public sector. The law will allow municipalities to enter into 15-year contracts for energy conservation retrofits for public buildings, with the costs being paid for over time with savings on energy costs. The article also discussed how management and legal counsel should contractually address the legal risks associated with the new law.
This article was originally published in the September 2009 issue of Contract Management magazine. © 2009, National Contract Management Association.