Bill Text: NY S02699 | 2023-2024 | General Assembly | Introduced

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Bill Title: Extends the time period from eighteen years to twenty-five years that a school shall be guaranteed recovery of energy performance contract costs from energy savings incurred by school districts over that time period.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Engrossed) 2024-01-23 - REPORTED AND COMMITTED TO FINANCE [S02699 Detail]

Download: New_York-2023-S02699-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2699

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 24, 2023
                                       ___________

        Introduced by Sens. HARCKHAM, MAY -- read twice and ordered printed, and
          when printed to be committed to the Committee on Education

        AN  ACT  to  amend  the education law, in relation to extending the time
          period for guaranteed recovery of energy  performance  contract  costs
          from energy savings incurred by school districts

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subclause C of clause (i) of subparagraph 5 of paragraph  i
     2  of  subdivision  6  of  section 3602 of the education law, as amended by
     3  section 1 of part F of chapter 383 of the laws of 2001,  is  amended  to
     4  read as follows:
     5    C.  The  energy  performance  contractor  shall  guarantee recovery of
     6  contract costs from energy  savings  realized  by  the  school  district
     7  during  the  term  of  the  energy performance contract, which shall not
     8  exceed [eighteen] twenty-five years.
     9    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06929-01-3