2012 New York Consolidated Laws
PVH - Private Housing Finance
Article 4 - (70 - 97) LIMITED DIVIDEND HOUSING COMPANIES
84-A - Additional supervision and regulation of housing companies.

 
    §  84-a.  Additional  supervision and regulation of housing companies.
  The commissioner shall require that every company file with him,  within
  six  months  of  the  effective  date  of  regulations implementing this
  section and in such format as the commissioner shall prescribe an energy
  audit  report  which   identifies   potential   energy-saving   building
  improvements,  including  alterations,  modifications and adjustments to
  the building  structure,  heating,  cooling,  lighting  and  ventilation
  systems;  their  relative  costs; potential energy and cost savings; and
  simple payback periods, which for the purpose of this section shall mean
  that  period  of  time  within  which  the  estimated   cost   of   such
  improvements,  exclusive of the cost of capital, would be recovered from
  the savings generated by reduced energy consumption resulting  from  the
  improvements.  The  energy audit shall be conducted by a public utility,
  an engineer or architect licensed by the state, or the managing agent or
  other representative of the company. A copy of the energy audit  report,
  required  herein,  shall  be  given  to  any  duly  constituted tenant's
  association or  cooperator's  advisory  council  and  a  copy  shall  be
  available  for  inspection  and  copying  by  any  individual tenant who
  requests it. The commissioner shall  also  require  that  every  company
  certify  by  March  thirty-first,  nineteen hundred eighty-four that all
  compatible conservation measures identified in the energy  audit  report
  which  have  simple  payback  period  of  one  year  or  less  have been
  implemented; provided, however, if the  commissioner  determines  within
  sixty days of the date the energy audit report is filed that one or more
  of  such identified conservation measures cannot be implemented by March
  thirty-first, nineteen hundred eighty-four,  given  the  projected  rent
  revenues  and  any  other  monies  available to the company from reserve
  funds, loans or grants from the state or federal government or any other
  source, the  implementation  of  such  conservation  measures  shall  be
  provided for according to a schedule prescribed by the commissioner.