§ 5-01 Authority; Purpose.
RCNY § 5-01
(a)These rules are promulgated pursuant to Local Law 54 of the Laws of 1985 of the City of New York, as amended, as authorized by Chapter 551 of the Laws of 1985 of the State of New York, as amended, to effectuate the purposes of the New York City Energy Cost Savings Program (the "Program").
(b)The purpose of the Program is to encourage industrial and commercial development, by encouraging businesses to relocate to targeted areas of the City and providing incentives to business already located in such areas to expand or improve their industrial and commercial space. The Program provides a reduction of certain energy costs related to the transmission and distribution of electricity and natural gas for a period of twelve (12) years, including reductions in the cost of energy services purchased from the New York City Public Utility Service.
(c)These rules set forth the requirements for applications, the standards and criteria to determine eligibility for reduced energy costs and the amount available for reductions in energy costs, as well as procedures for review of determinations made in connection with the Program.
