Bill Text: NY A00450 | 2015-2016 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to the use of monies from certain funds or accounts, specifically the power authority in connection with any energy projects, energy or energy-related fees or surcharges authorized by the public service commission.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2016-01-06 - referred to corporations, authorities and commissions [A00450 Detail]

Download: New_York-2015-A00450-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          450
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 7, 2015
                                      ___________
       Introduced  by  M. of A. RYAN -- read once and referred to the Committee
         on Corporations, Authorities and Commissions
       AN ACT to amend the public authorities law, in relation to  the  use  of
         monies from certain funds or accounts
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The public authorities law  is  amended  by  adding  a  new
    2  section 1018 to read as follows:
    3    S 1018. USE AND TRANSFER OF FUNDS. NOTWITHSTANDING ANY OTHER PROVISION
    4  OF  LAW,  AS  DEEMED FEASIBLE AND ADVISABLE BY ITS TRUSTEES, ANY AND ALL
    5  FUNDS OF THE AUTHORITY SHALL BE USED  EXCLUSIVELY  FOR  THE  PURPOSE  OF
    6  EFFECTUATING  THE  POLICY  DECLARED  IN SECTION ONE THOUSAND ONE OF THIS
    7  TITLE AND SHALL, IN NO CIRCUMSTANCES, BE TRANSFERRED OR OTHERWISE  GIVEN
    8  TO  THE STATE OF NEW YORK UNLESS SUCH FUNDS ARE USED DIRECTLY FOR ENERGY
    9  PROJECTS. FOR THE PURPOSES OF THIS SECTION, THE TERM  "ENERGY  PROJECTS"
   10  SHALL MEAN INFRASTRUCTURE IMPROVEMENTS AT AN ELECTRIC GENERATING FACILI-
   11  TY, ACQUISITION OR INSTALLATION OF NEW EQUIPMENT AT AN ELECTRIC GENERAT-
   12  ING  FACILITY, REPLACEMENT OR RETROFIT OF BURNERS OR TURBINES, INSTALLA-
   13  TION OR ACQUISITION OF ON-SITE RENEWABLE ENERGY GENERATION, INSTALLATION
   14  OR UPGRADE OF TRANSMISSION LINES, REPLACEMENT OR REINFORCEMENT OF TRANS-
   15  MISSION INFRASTRUCTURE, PUBLIC POLICY REPOWERING PROJECTS, ENERGY  EFFI-
   16  CIENCY  PROJECTS,  CLEAN ENERGY TECHNOLOGY PROJECTS, AND ANY PROGRAMS TO
   17  FINANCE ANY SUCH PROJECTS.
   18    S 2. The public authorities law is amended by  adding  a  new  section
   19  1884 to read as follows:
   20    S 1884. USE AND TRANSFER OF FUNDS. NOTWITHSTANDING ANY OTHER PROVISION
   21  OF  LAW,  ANY  FUNDS  COLLECTED  BY THE AUTHORITY IN CONNECTION WITH ANY
   22  ENERGY OR ENERGY-RELATED FEE  OR  SURCHARGE  AUTHORIZED  BY  THE  PUBLIC
   23  SERVICE  COMMISSION  SHALL  BE  DEDICATED  AND  USED EXCLUSIVELY FOR THE
   24  PURPOSES SPECIFIED BY THE PUBLIC SERVICE  COMMISSION  FOR  SUCH  FEE  OR
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00617-01-5
       A. 450                              2
    1  SURCHARGE.  IN THE EVENT THAT COLLECTIONS BY THE AUTHORITY IN A CALENDAR
    2  YEAR EXCEED THE COST OF PROGRAMS AND SERVICES OFFERED IN CONNECTION WITH
    3  SUCH FEES OR SURCHARGES DURING SUCH  CALENDAR  YEAR,  THEN  SUCH  EXCESS
    4  COLLECTIONS  SHALL  BE  RETURNED  TO RATEPAYERS PURSUANT TO A PROCEEDING
    5  ESTABLISHED BY THE PUBLIC SERVICE COMMISSION.
    6    S 3. This act shall take effect immediately.