N.Y. Comp. Codes R. & Regs. tit. 2 § 120.2

Current through Register Vol. 46, No. 53, December 31, 2024

Section 120.2 - Development of procedures

(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.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 120.2