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AB1103 Takes Effect Soon – Requires Energy Rating Disclosures

September 9, 2009

AB1103 will be taking effect soon (January 1, 2010). If you’re not familiar with it, get to be soon.

The bill would require, on and after January 1, 2010, that a nonresidential
building owner or operator disclose Energy Star Portfolio Manager
benchmarking data and ratings, for the most recent 12-month period, to a
prospective buyer, lessee, or lender. After the benchmarking data and ratings
are disclosed, the property owner, operator, or his or her agent would not
be required to provide additional information regarding the benchmarking
data and ratings. The information disclosed would be considered adequate
to inform the prospective buyer, lessee of the entire building, or lender that
would finance the entire building of the benchmarking data and ratings for
the building.

The bill would require, on and after January 1, 2010, that a nonresidential building owner or operator disclose Energy Star Portfolio Manager benchmarking data and ratings, for the most recent 12-month period, to a prospective buyer, lessee, or lender. After the benchmarking data and ratingsĀ are disclosed, the property owner, operator, or his or her agent would not be required to provide additional information regarding the benchmarking data and ratings. The information disclosed would be considered adequate to inform the prospective buyer, lessee of the entire building, or lender that would finance the entire building of the benchmarking data and ratings for the building.

[via North Bay Business Journal]

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