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What is NYC AC § 11-3007?

Quick Answer

This section mandates the administering agency to establish rules for implementing a loan program, including eligibility criteria, repayment terms, and reporting requirements. It also sets certification standards for individuals conducting energy audits and renewable energy feasibility studies. Applies to entities involved in energy-related financing and audits.

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

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§ 11-3007 Rulemaking.

AC § 11-3007

The administering agency shall promulgate rules to implement this program. Such rules shall include, but need not be limited to, eligibility criteria for loans, terms and conditions for repayment of such loans and reporting and filing requirements related to such loans. Such rules shall also include criteria for persons to be certified pursuant to the program for purposes of conducting energy audits and renewable energy system feasibility studies, which shall be at least as stringent as the criteria for certification adopted by the authority for the purposes of article 5-L of the general municipal law. (L.L. 2019/096, 5/19/2019, eff. 5/19/2019)

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