New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 120 - Procedures For Qualifying Certain Energy Conservation Expenses For Reimbursement
Section 120.2 - Development of procedures

Universal Citation: 2 NY Comp Codes Rules and Regs ยง 120.2

Current through Register Vol. 46, No. 12, March 20, 2024

(a) Each State agency which issues an operating certificate and makes reimbursement to a facility for qualified energy expenses shall develop proposed procedures to qualify for reimbursement pursuant to section 127-a of the State Finance Law for expenses incurred by such facility for construction, alteration, repair or improvement of the facility's capital assets for the purpose of conservation of energy.

(b) In developing such proposed procedures, each such agency shall seek the assistance of the State Energy Office and the State Energy Office shall provide such assistance in accordance with section 5-107(1)(g) of the Energy Law and this Part.

(c) The proposed procedures shall include the following:

(1) a procedure for processing applications for reimbursement of qualified energy conservation expenses;

(2) a procedure for determining the "estimated cost of energy saved" in a fiscal year; and

(3) a procedure for determining the "estimated life of the energy conservation measures or the property affected," including guideline estimated lives for such measures.

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.