The other shoe has finally dropped. After issuing a first round of rules late last year on how co-op and condo boards can comply with Local Law 97, the city has now released a second round of proposed rules. The new rules will be welcome news to boards that are worried about the high cost of reducing their buildings’ carbon emissions under the law’s prescribed caps — and the stiff fines they will face for failing to comply, beginning next year. Read the article………………………..
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