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(a) Whenever amortization of capital improvements is required pursuant to the Residential Rent Stabilization and Arbitration Ordinance (, Section of the ), installation of energy conservation measures shall be deemed to be capital improvements within the meaning of Section of the Residential Rent Stabilization and Arbitration Ordinance so long as such ordinance remains in effect.
(b) When required energy conservation expenditures form part of a RAP loan, expenditures shall be amortized over the term of the loan and rent increase will be subject to the RAP loan rent limits.
(Added by Ord. 399-89, App. 11/6/89; amended by Ord. 161-92, App. 6/4/92; Ord. 256-07, App. 11/6/2007)