New York S08237 amends the green jobs-green New York program to clarify loan repayment responsibilities and recording requirements.

New York S08237 amends the green jobs-green New York program by allowing the purchaser or transferee of a property to assume future on-bill recovery charges through written express assumption. If no such assumption is made, the original seller, transferor, or current loan holder remains responsible for payment. The bill also mandates that the New York State Energy Research and Development Authority record a declaration regarding the existence of an on-bill recovery loan in the office of the appropriate recording officer.

New York S08237 amends the green jobs-green New York program to clarify loan repayment responsibilities and recording requirements.

New York S08237 amends the green jobs-green New York program by allowing the purchaser or transferee of a property to assume future on-bill recovery charges through written express assumption. If no such assumption is made, the original seller, transferor, or current loan holder remains responsible for payment. The bill also mandates that the New York State Energy Research and Development Authority record a declaration regarding the existence of an on-bill recovery loan in the office of the appropriate recording officer.