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What is NYC AC § 11-3002?

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This section establishes a sustainable energy loan program authorized by state law. The administering agency may utilize federal and state resources and can collaborate with corporations for program management. Fees imposed on property owners by these corporations require agency approval. Applies to property owners participating in the sustainable energy loan program.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 11-3002 Sustainable energy loan program.

AC § 11-3002

Pursuant to the authority granted by section 119-gg of the general municipal law, there is hereby established a sustainable energy loan program. The administering agency may implement the program using federal grant assistance or federal credit support or monies from the state of New York or any state authority as defined by section 2 of the public authorities law available for this purpose. The administering agency may enter into an agreement with one or more for-profit or not-for-profit corporations to manage or assist in the implementation, administration and enforcement of the program. Any fees imposed on an owner of real property by a for-profit or not-for-profit corporation managing or assisting in the implementation, administration and enforcement of the program to recoup any such corporation's administrative costs shall be subject to approval by the administering agency. (L.L. 2019/096, 5/19/2019, eff. 5/19/2019)

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