PUBLIC LAW 102-486—OCT. 24, 1992 106 STAT. 2787 "(A) new construction of public and assisted housing and single family and multifamily residential housing (other than manufactured homes) subject to mortgages insured under the National Housing Act; and "(B) new construction of single family housing (other than manufactured homes) subject to mortgages msvired, guaranteed, or made by the Secretary of Agnctdture under title V of the Housing Act of 1949. "(2) CONTENTS. —Such standards shall meet or exceed the requirements of the Council of American Building Officials Model Energy Code, 1992 (hereafter in this section referred to as 'CABO Model Energy Code, 1992'), or, in the case of multifamily high rises, the requirements of the American Society of Heating, Refrigerating, and Air-Conditioning Engineers Standard 90.1-1989 (hereafter in this section referred to as 'ASHRAE Standard 90.1 -19890, and shall be cost-effective with respect to construction and operating costs on a life-cycle cost basis. In developing such standards, the Secretaries shall consult with an advisory task force composed of homebuilders, national, State, and local housing agencies (including public housing agencies), energr agencies, building code organizations and agencies, energy einciency organizations, utility orj^anizations, low-income housing organizations, and other parties designated by the Secretaries. "(b) MODEL ENERGY CODE. —If the Secretaries have not, within 1 year after the date of the enactment of the Energy Policy Act of 1992, established energy efidciency standards under subsection (a), all new construction of housing specified in such subsection shall meet the requirements of CABO Model Energy Code, 1992, or, in the case of multifamily high rises, the requirements of ASHRAE Standard 90.1-1989. "(c) REVISIONS OF MODEL ENERGY CODE. —If the requirements of CABO Model Energy Code, 1992, or, in the case of multifamily high rises, ASHRAE Standard 90.1 -1989, are revised at any time, the Secretaries shall, not later than 1 year after such revision, amend the standards established under subsection (a) to meet or exceed the requirements of such revised code or standard unless the Secretaries determine that compliance with such revised code or standard would not result in a significant increase in energy efficiency or would not be technologically feasible or economically justified. ". (2) AMENDMENT TO TITLE 38, UNITED STATES CODE. —Section 3704 of title 38, United States Code, is amended by adding at the end thereof the following new subsection: "(g) A loan for the purchase or construction of new residential property, the construction of which began after the energy efficiency standards under section 109 of the Cranston-Cjonzalez National Affordable Housing Act (42 U.S.C. 12709), as amended by section 101(c) of the Energy Policy Act of 1992, take effect, may not be financed through the assistance of this chapter unless the new residential property is constructed in compliance with such standards.". SEC. 102. RESIDENTIAL ENERGY EFFICIENCY RATINGS. (a) RATINGS.—Title II of the National Energy Conservation Policy Act (42 U.S.C. 8211 et seq.) is amended by adding at the end the following new part:
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