Section 135-L. Alternate financing method  


Latest version.
  • Notwithstanding the provisions of
      sections one hundred thirty-five-d and one hundred thirty-five-g of this
      article,  a  utility  may satisfy its obligation to provide financing to
      eligible customers by concluding financial arrangements with two or more
      lending institutions in this state engaged in  making  home  improvement
      loans  to  provide  loans  to  eligible  customers for home conservation
      programs pursuant to this article, provided that  such  loans  shall  be
      under  such  terms  and  conditions as are consistent with the terms and
      conditions  of  section  one  hundred  thirty-five-g.  The  utility  may
      guarantee such loans where the commission determines that such action is
      in  furtherance  of the public interest. If the commission determines it
      to be necessary, to facilitate the home improvement loans authorized  by
      this  article,  it  may  require  a utility to maintain a supply of loan
      application forms for such loans.