Establishes a loan program for energy efficiency projects in hospitals and multiple dwellings in New York.
The bill creates a hospital and multiple dwelling energy loan program to provide zero or low interest loans and loan interest rate reductions for energy efficiency projects and advanced energy technologies. Eligible projects include energy efficiency improvements, process improvement measures, and renewable technologies. Hospitals and multiple dwellings in economically distressed areas must receive at least 60% of the total dollar amount of loans.
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