New York A06064 amends the municipal sustainable energy loan program to restrict loans to commercial entities, not-for-profit organizations, or.
New York A06064 amends the general municipal law to modify the municipal sustainable energy loan program. The bill restricts the program to provide loans only to commercial entities, not-for-profit organizations, or entities other than individuals. This change aims to focus the program's resources on supporting businesses and organizations in their efforts to install renewable energy systems and improve energy efficiency. The bill also specifies that municipal corporations can set requirements for the maximum loan amount, considering factors like property value.
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