Bill Text: NY A09316 | 2015-2016 | General Assembly | Introduced

New York Assembly Bill 9316 (Prior Session Legislation)

Introduced

Bill Title: Relates to creating the hospital and multiple dwelling energy loan program.

Spectrum: Moderate Partisan Bill (Democrat 16-2)

Status: (Introduced - Dead) 2016-02-17 - referred to economic development [A09316 Detail]

Download: New_York-2015-A09316-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          9316
                   IN ASSEMBLY
                                    February 17, 2016
                                       ___________
        Introduced  by  M. of A. SIMON, CAHILL, COLTON, COOK, GOTTFRIED, MOSLEY,
          SKARTADOS, SOLAGES, BRABENEC -- Multi-Sponsored by -- M. of A. ABBATE,
          DAVILA, GLICK, LENTOL -- read once and referred to  the  Committee  on
          Economic Development
        AN ACT to amend the New York state urban development corporation act, in
          relation  to  creating  the hospital and multiple dwelling energy loan
          fund
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. The legislature hereby finds and declares that the state's
     2  high energy costs are considered a significant burden on  hospitals  and
     3  multiple dwellings. Therefore, the legislature seeks to provide funds to
     4  reduce  high  energy  costs,  via  a  zero or low interest loan, or loan
     5  interest rate  reduction  program  for  energy  efficiency  projects  to
     6  provide  fiscal relief for hospitals and multiple dwellings in the state
     7  of New York.
     8    § 2. Section 1 of chapter 174 of the laws of  1968,  constituting  the
     9  New York state urban development corporation act, is amended by adding a
    10  new section 16-x to read as follows:
    11    §  16-x. Hospital and multiple dwelling energy loan program. 1.  Defi-
    12  nitions. For the purpose of this section:
    13    (a) "Authority" shall mean the New  York  state  energy  research  and
    14  development  authority  as defined in section one thousand eight hundred
    15  fifty-one of the public authorities law.
    16    (b) "Economically distressed areas" shall mean areas as determined  by
    17  the  corporation,  meeting  criteria  indicative  of  economic distress,
    18  including consideration of unemployment rate; rate of employment change;
    19  numbers and percentages of low-income persons; per capita income and per
    20  capita real property wealth; such other indicators of  distress  as  the
    21  corporation  shall  determine. Economically distressed areas may include
    22  designations such as cities, municipalities, block numbering areas,  and
    23  census tracts.
    24    (c)  "Loan  fund" shall mean the hospital and multiple dwelling energy
    25  loan fund established pursuant to this section.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13308-01-5