Mondaq Business Briefing

AB 1103 Update: Postponement of Certain Nonresidential Building Energy Use Disclosure Requirements

Under California Assembly Bill 1103 ("AB 1103", codified as California Public Resources Code Section 25402.10), owners and operators of nonresidential buildings must disclose certain building energy performance data to a prospective buyer, a tenant of the entire building, or a lender who would finance or refinance the entire building before the sale, lease, financing, or refinancing of the building occurs.

AB 1103 is in effect and enforceable by the California Energy Commission ("CEC") for all nonresidential buildings exceeding a total gross floor area of 10,000 square feet.

Effective September 2, 2014, the Office of Administrative Law approved the CEC's proposal to postpone implementation of the next phase of AB 1103 regulations. …

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