Senate Bill S5407

2011-2012 Legislative Session

Relates to establishing the western New York power proceeds allocation board; repealer

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Sponsored By

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-S5407 (ACTIVE) - Details

Current Committee:
Senate Energy And Telecommunications
Law Section:
Economic Development Law
Laws Affected:
Add Art 6-A §§189-a - 189-e, amd §100, Ec Dev L; amd §1005, Pub Auth L; add §99-u, St Fin L; rpld Chap 436 of 2010

2011-S5407 (ACTIVE) - Summary

Relates to establishing the western New York power proceeds allocation board.

2011-S5407 (ACTIVE) - Sponsor Memo

2011-S5407 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5407

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              May 18, 2011
                               ___________

Introduced  by Sens. MAZIARZ, KENNEDY -- read twice and ordered printed,
  and when printed to be committed to the Committee on Energy and  Tele-
  communications

AN ACT to amend the economic development law, the public authorities law
  and the state finance law, in relation to establishing the western New
  York power proceeds allocation board; and to repeal chapter 436 of the
  laws  of  2010  amending  the  public authorities law and the economic
  development law, relating  to  authorizing  unallocated  expansion  or
  replacement power to be allocated for western New York economic devel-
  opment fund benefits

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Short title.  This act shall be known as  the  western  New
York power proceeds allocation act.
  S  2.  The economic development law is amended by adding a new article
6-a to read as follows:
                               ARTICLE 6-A
             WESTERN NEW YORK POWER PROCEEDS ALLOCATION ACT
SECTION 189-A. DEFINITIONS.
        189-B. THE WESTERN NEW YORK POWER PROCEEDS ALLOCATION BOARD.
        189-C. GENERAL POWERS AND DUTIES OF THE BOARD.
        189-D. ADVISORY GROUP.
        189-E. MISCELLANEOUS PROVISIONS.
  S 189-A. DEFINITIONS. 1. "AUTHORITY" IS THE  POWER  AUTHORITY  OF  THE
STATE OF NEW YORK.
  2.  "BOARD"  IS  THE  WESTERN NEW YORK POWER PROCEEDS ALLOCATION BOARD
CREATED BY THIS ARTICLE.
  3. "BENEFITS" OR "FUND BENEFITS" ARE  PAYMENTS  TO  ELIGIBLE  PROJECTS
THAT  ARE  DERIVED  FROM  NET EARNINGS THAT HAVE BEEN DEPOSITED INTO THE
WESTERN NEW YORK ECONOMIC DEVELOPMENT FUND.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11647-01-1

              

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