Bill Text: NY A08277 | 2019-2020 | General Assembly | Introduced
Bill Title: Relates to the green jobs-green New York on-bill energy efficiency payment program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-01-08 - referred to energy [A08277 Detail]
Download: New_York-2019-A08277-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8277 2019-2020 Regular Sessions IN ASSEMBLY June 11, 2019 ___________ Introduced by M. of A. CUSICK -- (at request of the Energy Research Development Authority) -- read once and referred to the Committee on Energy AN ACT to amend the public authorities law, the public service law and the real property law, in relation to the green jobs-green New York on-bill energy efficiency payment program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (a) of subdivision 5 of section 1896 of the 2 public authorities law, as added by section 1 of part DD of chapter 58 3 of the laws of 2012, is amended to read as follows: 4 (a) For each loan issued for qualified energy efficiency services that 5 is to be repaid through an on-bill recovery mechanism[, the New York6state energy research and development authority shall record, pursuant7to article nine of the real property law, in the office of the appropri-8ate recording officer, a declaration with respect to the property9improved by such services of the existence of the loan and stating the10total amount of the loan, the term of the loan, and that the loan is11being repaid] through a charge on an electric or gas meter associated 12 with the property, the on-bill recovery loan agreement shall allow for 13 the purchaser or transferee to agree through written express assumption 14 provided in accordance with the terms of the on-bill recovery loan that 15 he or she is responsible for future on-bill recovery charges, and in the 16 absence of such written express assumption, the original seller, 17 transferor, or current loan holder of the subject property shall contin- 18 ue to be responsible for payment of such remaining charges through 19 direct billing and payment to the New York state energy research and 20 development authority, or its agent. [The declaration shall further21state that it is being filed pursuant to this section and, unless fully22satisfied prior to sale or transfer of the property, the loan repayment23utility meter charge shall survive changes in ownership, tenancy, orEXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09105-02-9A. 8277 2 1meter account responsibility and, until fully satisfied, shall consti-2tute the obligation of the person responsible for the meter account.3Such declaration shall not constitute a mortgage and shall not create4any security interest or lien on the property. Upon satisfaction of the5loan, the authority shall file a declaration of repayment pursuant to6article nine of the real property law.] 7 § 2. Paragraph (d) of subdivision 2 of section 66-m of the public 8 service law, as added by chapter 388 of the laws of 2011, is amended to 9 read as follows: 10 (d) unless fully satisfied prior to sale or transfer, that (i) the 11 on-bill recovery charges for any services provided at the customer's 12 premises shall survive changes in ownership, tenancy or meter account 13 responsibility if the New York state energy research and development 14 authority shall have recorded a declaration pursuant to article nine of 15 the real property law with respect to such property for the existence of 16 an on-bill recovery loan, and (ii) that arrears in on-bill recovery 17 charges at the time of account closure or meter transfer shall remain 18 the responsibility of the incurring customer, unless expressly assumed 19 by a subsequent purchaser of the property subject to such charges; 20 § 3. Paragraph (a) of subdivision 4 of section 242 of the real proper- 21 ty law, as added by chapter 388 of the laws of 2011, is amended to read 22 as follows: 23 (a) Any person, firm, company, partnership or corporation offering to 24 sell real property which is subject to a green jobs-green New York 25 on-bill recovery charge pursuant to title nine-A of article eight of the 26 public authorities law and which provides that such charge shall survive 27 changes in ownership, tenancy or meter account responsibility if not 28 fully satisfied prior to sale or transfer, shall provide written notice 29 to the prospective purchaser or the prospective purchaser's agent, stat- 30 ing as follows: "This property is subject to a green jobs-green New York 31 on-bill recovery charge". Such notice shall also state the total amount 32 of the original charge, the payment schedule and the approximate remain- 33 ing balance, a description of the energy efficiency services performed, 34 including improvements to the property, and an explanation of the bene- 35 fit of the green jobs-green New York qualified energy efficiency 36 services. Such notice shall be provided by the seller prior to accepting 37 a purchase offer; provided that such notice is not necessary if the loan 38 agreement provides that upon sale or transfer of the subject property 39 the purchaser or transferee is only responsible for on-bill recovery 40 charges after sale or transfer if he or she agrees through written 41 express assumption provided in accordance with the terms of the on-bill 42 recovery loan agreement, and in the absence of such assumption, the 43 original seller, transfer, or current loan holder of the subject proper- 44 ty shall be responsible for payment of such remaining charges through 45 direct billing and payment to the New York state energy research and 46 development authority, or its agent. 47 § 4. This act shall take effect on the thirtieth day after it shall 48 have become a law and shall apply to any eligible applications on or 49 after such date.