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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (9508)	9/7/2009 9:39:27 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24211

New law to require energy rating on commercial buildings CALIFORNIA - Investigating energy use is part of the due-diligence process of many commercial property transactions now, but starting next year a formal report with that information will be required as part of the sale, lease or financing of nonresidential buildings under a new state benchmarking law. Assembly Bill 1103, signed into law in 2007 and set to start taking effect in 2010, will require owners to provide 12 months’ worth of comparable energy-use information to prospective buyers or full-building tenants as well as financiers. It was originally scheduled to take effect for all properties Jan. 1, but draft implementation regulations from the California Energy Commission last month proposed a three-year phase-in period, starting with the largest buildings in July 2010. See: northbaybusinessjournal.com.