Modifies provisions for energy costs savings contracts

HB 2854 requires government agencies to use competitive bidding for energy-saving building projects and to secure contracts guaranteeing that energy or operational savings will cover the project costs within 15 years, with the provider reimbursing any shortfall annually. Eligible projects include insulation, energy-efficient lighting, HVAC upgrades, and other defined measures that reduce energy consumption or operating costs. The bill exempts certain educational not-for-profits and ensures existing construction procurement rules remain in effect.