New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle BB - State Energy Office
Chapter V - Conservation Programs
Part 7910 - Energy Investment Loan Program
Section 7910.4 - Eligible participants

Universal Citation: 9 NY Comp Codes Rules and Regs ยง 7910.4

Current through Register Vol. 46, No. 39, September 25, 2024

The following are eligible to participate in the program:

(a) a commercial or industrial business which owns the building in which the energy conservation improvement(s) will be made, or which has a lease or management agreement for such building extending beyond the term of the loan; provided, however, that where the owner of the building authorizes the approved energy conservation improvements, the lease or management agreement need not extend beyond the term of the loan;

(b) owners, shareholders, condominium owners, management agents, and tenants of multifamily housing buildings;

(c) an agri-business involved in farm production which:

(1) has had $20,000 or more in gross farm production-related sales in the 12- month period prior to the submission of a program application to the Energy Office, or from which at least 50 percent of the applicant's income was derived during such period. If the agri-business was not in operation for the prior 12- month period, the applicant shall certify that sales are projected in excess of $20,000, or at least 50 percent of the applicant's income is projected to be derived from farm production during the next 12-month period; and

(2) owns the building being improved with the proceeds of the program loan or has a lease or management agreement for the building; and

(d) an agri-business involved in food processing which owns the building being improved with the proceeds of a program loan or has a lease or management agreement for the building; and

(e) a veteran's organization which owns the building being improved with the proceeds of a program loan or has a lease or management agreement for the building.

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