- Title
- Clean Water Commerce Account - Contracts for the Purchase of Environmental Outcomes
- Sponsored by
- Senators Guzzone and Elfreth
- Status
- In the Senate - Returned Passed
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Requiring the Department of the Environment, in entering into a certain contract under the Clean Water Commerce Account for the purchase of a certain environmental outcome, to allow certain nonuniform payment schedules for certain purposes; and authorizing the Department, in order to ensure certain outcomes, to require a minimum final payment and, for a contract award greater than $500,000, additional financial protections, including a letter of credit, insurance instrument, or performance bond.
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Last Updated: 4/16/2024 2:06 PM