This text of New York § 84-A (Additional supervision and regulation of housing companies) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 84-a. Additional supervision and regulation of housing companies.\nThe commissioner shall require that every company file with him, within\nsix months of the effective date of regulations implementing this\nsection and in such format as the commissioner shall prescribe an energy\naudit report which identifies potential energy-saving building\nimprovements, including alterations, modifications and adjustments to\nthe building structure, heating, cooling, lighting and ventilation\nsystems; their relative costs; potential energy and cost savings; and\nsimple payback periods, which for the purpose of this section shall mean\nthat period of time within which the estimated cost of such\nimprovements, exclusive of the cost of capital, would be recovered from\nthe savings generated by reduced
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§ 84-a. Additional supervision and regulation of housing companies.\nThe commissioner shall require that every company file with him, within\nsix months of the effective date of regulations implementing this\nsection and in such format as the commissioner shall prescribe an energy\naudit report which identifies potential energy-saving building\nimprovements, including alterations, modifications and adjustments to\nthe building structure, heating, cooling, lighting and ventilation\nsystems; their relative costs; potential energy and cost savings; and\nsimple payback periods, which for the purpose of this section shall mean\nthat period of time within which the estimated cost of such\nimprovements, exclusive of the cost of capital, would be recovered from\nthe savings generated by reduced energy consumption resulting from the\nimprovements. The energy audit shall be conducted by a public utility,\nan engineer or architect licensed by the state, or the managing agent or\nother representative of the company. A copy of the energy audit report,\nrequired herein, shall be given to any duly constituted tenant's\nassociation or cooperator's advisory council and a copy shall be\navailable for inspection and copying by any individual tenant who\nrequests it. The commissioner shall also require that every company\ncertify by March thirty-first, nineteen hundred eighty-four that all\ncompatible conservation measures identified in the energy audit report\nwhich have simple payback period of one year or less have been\nimplemented; provided, however, if the commissioner determines within\nsixty days of the date the energy audit report is filed that one or more\nof such identified conservation measures cannot be implemented by March\nthirty-first, nineteen hundred eighty-four, given the projected rent\nrevenues and any other monies available to the company from reserve\nfunds, loans or grants from the state or federal government or any other\nsource, the implementation of such conservation measures shall be\nprovided for according to a schedule prescribed by the commissioner.\n