NY State Assembly Bill 2009-A7611

Assembly Bill A7611

2009-2010 Legislative Session

Authorizes municipalities to establish green loans programs to provide financing to residential property owners for solar and wind energy generating systems

download bill text pdf

Archive: Last Bill Status - In Assembly 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2010	referred to energy
Jun 22, 2009	reported referred to rules
Jun 18, 2009	print number 7611b
Jun 18, 2009	amend (t) and recommit to ways and means
Jun 16, 2009	reported referred to ways and means
May 28, 2009	print number 7611a
May 28, 2009	amend (t) and recommit to energy
Apr 17, 2009	referred to energy

Bill Amendments

Original

B (Active)

2009-A7611 - Details

Current Committee:: Assembly Energy
Laws Affected:: Add §96-c, Gen Muni L
Versions Introduced in Other Legislative Sessions:: 2011-2012: A5558
2013-2014: A5820
2015-2016: A2999

2009-A7611 - Summary

Authorizes counties, cities, towns and villages to establish green loans programs to provide financing to residential property owners for the purchase and installation of solar energy generating systems and/or wind energy generating systems on such property, and/or for the costs of the performance of an energy efficiency analysis of the dwelling on such property and the completion of energy efficiency improvements upon such dwelling by a licensed contractor; such loans shall be repaid from an annual tax levy on the property; a property owner shall be eligible for only one such loan.

2009-A7611 - Bill Text download pdf

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

                                  7611

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             April 17, 2009
                               ___________

Introduced  by  M.  of A. ENGLEBRIGHT, BOYLAND, EDDINGTON, COOK, JAFFEE,
  COLTON, REILLY, MAISEL,  CASTRO,  GUNTHER,  PHEFFER,  STIRPE,  BARRON,
  MILLMAN  --  Multi-Sponsored by -- M.  of A. CAHILL, GABRYSZAK, GLICK,
  GORDON, GOTTFRIED, MAYERSOHN, PEOPLES, SCHIMEL, TITONE, WEISENBERG  --
  read once and referred to the Committee on Energy

AN  ACT to amend the general municipal law and the local finance law, in
  relation to establishing the green loans program to provide  financing
  for the purchase and installation of residential solar and wind energy
  generating systems

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

  Section 1. The general municipal  law  is  amended  by  adding  a  new
section 96-c to read as follows:
  S  96-C. GREEN LOANS PROGRAM. 1. FOR THE PURPOSES OF THIS SECTION, THE
FOLLOWING TERMS SHALL HAVE THE FOLLOWING DEFINITIONS:
  A. "MUNICIPALITY" MEANS A CITY, TOWN OR VILLAGE.
  B. "RESIDENTIAL REAL PROPERTY" MEANS REAL  PROPERTY  HAVING  AN  OWNER
OCCUPIED DWELLING UNIT THEREON.
  C.  "RESIDENTIAL  SOLAR ENERGY GENERATING SYSTEM" MEANS AN ARRANGEMENT
OR COMBINATION OF COMPONENTS INSTALLED ON RESIDENTIAL REAL PROPERTY THAT
UTILIZES SOLAR RADIATION TO PRODUCE ENERGY DESIGNED TO PROVIDE  HEATING,
COOLING,  HOT  WATER  AND/OR  ELECTRICITY.  SUCH  TERM SHALL NOT INCLUDE
EQUIPMENT THAT IS PART OF A NON-SOLAR ENERGY SYSTEM.
  D. "RESIDENTIAL WIND ENERGY GENERATING SYSTEM" MEANS AN ARRANGEMENT OR
COMBINATION  OF  COMPONENTS  INSTALLED  ON  RESIDENTIAL  REAL  PROPERTY,
INCLUDING  POWER CONDITIONING EQUIPMENT, DESIGNED TO PROVIDE ELECTRICITY
OR MECHANICAL ENERGY THROUGH THE PROCESS OF CONVERTING WIND ENERGY  INTO
MECHANICAL  AND/OR  ELECTRIC  ENERGY,  AND  STORING OR DISTRIBUTING SUCH
ENERGY.
  2. THE GOVERNING BODY OF ANY MUNICIPALITY MAY, BY LOCAL LAW  OR  ORDI-
NANCE, ESTABLISH A GREEN LOANS PROGRAM PURSUANT TO THIS SECTION.  SUCH A

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10395-02-9

A. 7611                             2

PROGRAM  SHALL  PROVIDE MUNICIPAL LOANS AND FINANCING TO OWNERS OF RESI-
DENTIAL REAL PROPERTY WITHIN SUCH MUNICIPALITY  FOR  ALL  COSTS  OR  ANY
PORTION  OF  THE  COSTS OF PURCHASING AND INSTALLING A RESIDENTIAL SOLAR
ENERGY  GENERATING  SYSTEM  AND/OR A RESIDENTIAL WIND ENERGY SYSTEM UPON
THE RESIDENTIAL REAL PROPERTY.
  3. EACH SUCH LOCAL LAW OR ORDINANCE SHALL PROVIDE FOR  THE  TERMS  AND
CONDITIONS  FOR  THE  AWARDING  AND REPAYMENT OF LOANS AND FINANCING FOR
RESIDENTIAL SOLAR ENERGY GENERATING SYSTEMS AND RESIDENTIAL WIND  ENERGY
SYSTEMS;  PROVIDED, THAT ALL SUCH LOANS AND FINANCING SHALL BE REPAID BY
MEANS OF TWENTY EQUAL, ANNUAL CHARGES IMPOSED UPON THE SUBJECT  RESIDEN-
TIAL  REAL PROPERTY AT THE SAME TIME OTHER MUNICIPAL REAL PROPERTY TAXES
ARE IMPOSED. EVERY LOAN ISSUED PURSUANT TO THIS SECTION SHALL BE SUBJECT
TO A FIXED RATE OF INTEREST ESTABLISHED AT THE TIME OF THE  GRANTING  OF
SUCH LOAN.
  S  2. Paragraph a of section 11.00 of the local finance law is amended
by adding a new subdivision 104 to read as follows:
  104. ISSUANCE OF LOANS AND FINANCING PURSUANT TO A GREEN LOANS PROGRAM
IN ACCORDANCE WITH SECTION NINETY-SIX-C OF THE  GENERAL  MUNICIPAL  LAW,
TWENTY YEARS.
  S 3. This act shall take effect immediately.

2009-A7611A - Details

Current Committee:: Assembly Energy
Laws Affected:: Add §96-c, Gen Muni L
Versions Introduced in Other Legislative Sessions:: 2011-2012: A5558
2013-2014: A5820
2015-2016: A2999

2009-A7611A - Summary

2009-A7611A - Sponsor Memo

                                BILL NUMBER:A7611A

TITLE OF BILL:  An act to amend the general municipal law and the local
finance law, in relation to establishing the green loans program to
provide financing for the purchase and installation of residential solar
and wind energy generating systems, and for the performance of improve-
ments to improve the energy efficiency of residential dwellings

PURPOSE OR GENERAL IDEA OF THE BILL: authorizes municipalities to estab-
lish green loans programs to provide financing to residential property
owners for solar and wind energy generating systems and authorizes the
establishment of green homes programs to conduct residential energy
audits.

SUMMARY OF PROVISIONS: Defines municipality, residential real property,
residential solar energy generating system and residential wind energy
generating system. The governing body of any municipality may, by local
law or ordinance, establish a green loans and green homes program. Such
a program shall provide municipal loans and financing to owners of resi-
dential real property within such municipality for all costs or any
portion of the costs of purchasing and installing a residential solar
energy generating system and/or a residential wind energy system upon
the residential real property; and/or the cost of the performance of an
energy efficiency analysis of the dwelling upon residential real proper-
ty and the completion of energy efficiency improvements upon such dwell-
ing by a licensed contractor.

Each such local law or ordinance shall provide for the terms and condi-
tions for the awarding and repayment of loans and financing for residen-
tial solar energy generating systems and residential wind energy
systems; provided, that all such loans and financing shall be repaid by
means of twenty equal, annual charges imposed upon the subject residen-
tial real property at the same time other municipal real property taxes
are imposed. Every loan issued pursuant to this section shall be subject
to a fixed rate of interest established at the time of the granting of
such loan.

Each such local law or ordinance shall provide for the terms and condi-
tions for the awarding and repayment of loans and financing for the
performance of energy efficiency analyses of dwelling upon residential
real property and the completion of energy efficiency improvements upon
such dwellings by certified contractors; provided, that all such loans
and financing shall be repaid at an annual rate equal to the annual
energy savings to the owner of the residential real property as a result
of the energy efficiency improvements performed with the proceeds of the
loans or financing and shall be paid at the same time other municipal
real property taxes are imposed. Every loan issued pursuant to this
section shall be subject to a fixed rate of interest established at the
time of the granting of such loan.

JUSTIFICATION: In his annual State of the State address, Governor Pater-
son outlines his aggressive plan to meet 45% of New York State's elec-

tricity needs through clean renewable energy and improved energy effi-
ciency by 2015. Installation of solar and wind energy systems can be
cost effective for many residential property owners with the existing
state and federal subsidies, yet there are three major obstacles to
widespread adoption of these technologies and this legislation addresses
them at minimal expense to the State. These obstacles are:

the high upfront cost,
the ability to amortize the cost over 20 years,
and, the possibility that those costs will not be recovered when the
property is sold.

By providing access to low cost capital through "Green Loans", the
taxpayers of New York will have access to lower cost capital than they
might realize with traditional financing and preserve their home equity
for other purposes. By amortizing the cost over 20 years, the annual
cost will be less than annual savings, and by attaching the cost to a
property tax, thereby eliminating the risk of recovering the expense
when ownership of the property is transferred. By relying on the credit
worthiness of the municipality and not the homeowner, "Green Loans" can
spark the renewable energy sector and make significant step toward meet-
ing our goals of "45 by 15".

LEGISLATIVE HISTORY: New bill.

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: This act shall take effect immediately.

2009-A7611A - Bill Text download pdf

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

                                 7611--A

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             April 17, 2009
                               ___________

Introduced  by  M.  of A. ENGLEBRIGHT, BOYLAND, EDDINGTON, COOK, JAFFEE,
  COLTON, REILLY, MAISEL,  CASTRO,  GUNTHER,  PHEFFER,  STIRPE,  BARRON,
  MILLMAN,  ESPAILLAT,  HOOPER -- Multi-Sponsored by -- M. of A. CAHILL,
  GABRYSZAK, GLICK,  GORDON,  GOTTFRIED,  MAYERSOHN,  PEOPLES,  SCHIMEL,
  TITONE, WEISENBERG -- read once and referred to the Committee on Ener-
  gy -- committee discharged, bill amended, ordered reprinted as amended
  and recommitted to said committee

AN  ACT to amend the general municipal law and the local finance law, in
  relation to establishing the green loans program to provide  financing
  for the purchase and installation of residential solar and wind energy
  generating systems, and for the performance of improvements to improve
  the energy efficiency of residential dwellings

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

  Section 1. The general municipal  law  is  amended  by  adding  a  new
section 96-c to read as follows:
  S  96-C. GREEN LOANS PROGRAM. 1. FOR THE PURPOSES OF THIS SECTION, THE
FOLLOWING TERMS SHALL HAVE THE FOLLOWING DEFINITIONS:
  A. "MUNICIPALITY" MEANS A CITY, TOWN OR VILLAGE.
  B. "RESIDENTIAL REAL PROPERTY" MEANS REAL  PROPERTY  HAVING  AN  OWNER
OCCUPIED DWELLING UNIT THEREON.
  C.  "RESIDENTIAL  SOLAR ENERGY GENERATING SYSTEM" MEANS AN ARRANGEMENT
OR COMBINATION OF COMPONENTS INSTALLED ON RESIDENTIAL REAL PROPERTY THAT
UTILIZES SOLAR RADIATION TO PRODUCE ENERGY DESIGNED TO PROVIDE  HEATING,
COOLING,  HOT  WATER  AND/OR  ELECTRICITY.  SUCH  TERM SHALL NOT INCLUDE
EQUIPMENT THAT IS PART OF A NON-SOLAR ENERGY SYSTEM.
  D. "RESIDENTIAL WIND ENERGY GENERATING SYSTEM" MEANS AN ARRANGEMENT OR
COMBINATION  OF  COMPONENTS  INSTALLED  ON  RESIDENTIAL  REAL  PROPERTY,
INCLUDING  POWER CONDITIONING EQUIPMENT, DESIGNED TO PROVIDE ELECTRICITY
OR MECHANICAL ENERGY THROUGH THE PROCESS OF CONVERTING WIND ENERGY  INTO

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10395-05-9

A. 7611--A                          2

MECHANICAL  AND/OR  ELECTRIC  ENERGY,  AND  STORING OR DISTRIBUTING SUCH
ENERGY.
  2.  THE  GOVERNING BODY OF ANY MUNICIPALITY MAY, BY LOCAL LAW OR ORDI-
NANCE, ESTABLISH A GREEN LOANS PROGRAM PURSUANT TO THIS SECTION.  SUCH A
PROGRAM SHALL PROVIDE MUNICIPAL LOANS AND FINANCING TO OWNERS  OF  RESI-
DENTIAL  REAL  PROPERTY  WITHIN  SUCH  MUNICIPALITY FOR ALL COSTS OR ANY
PORTION OF THE COSTS OF PURCHASING AND INSTALLING  A  RESIDENTIAL  SOLAR
ENERGY  GENERATING  SYSTEM  AND/OR A RESIDENTIAL WIND ENERGY SYSTEM UPON
THE RESIDENTIAL REAL PROPERTY; AND/OR THE COSTS OF THE PERFORMANCE OF AN
ENERGY EFFICIENCY ANALYSIS OF THE DWELLING UPON RESIDENTIAL REAL PROPER-
TY AND THE COMPLETION OF ENERGY EFFICIENCY IMPROVEMENTS UPON SUCH DWELL-
ING BY A CERTIFIED CONTRACTOR.
  3. EACH SUCH LOCAL LAW OR ORDINANCE SHALL PROVIDE FOR  THE  TERMS  AND
CONDITIONS  FOR  THE  AWARDING  AND REPAYMENT OF LOANS AND FINANCING FOR
RESIDENTIAL SOLAR ENERGY GENERATING SYSTEMS AND RESIDENTIAL WIND  ENERGY
SYSTEMS;  PROVIDED, THAT ALL SUCH LOANS AND FINANCING SHALL BE REPAID BY
MEANS OF TWENTY EQUAL, ANNUAL CHARGES IMPOSED UPON THE SUBJECT  RESIDEN-
TIAL  REAL PROPERTY AT THE SAME TIME OTHER MUNICIPAL REAL PROPERTY TAXES
ARE IMPOSED. EVERY LOAN ISSUED PURSUANT TO THIS SECTION SHALL BE SUBJECT
TO A FIXED RATE OF INTEREST ESTABLISHED AT THE TIME OF THE  GRANTING  OF
SUCH LOAN.
  4.  EACH  SUCH  LOCAL LAW OR ORDINANCE SHALL PROVIDE FOR THE TERMS AND
CONDITIONS FOR THE AWARDING AND REPAYMENT OF LOANS AND FINANCING FOR THE
PERFORMANCE OF ENERGY EFFICIENCY ANALYSES OF DWELLINGS UPON  RESIDENTIAL
REAL  PROPERTY AND THE COMPLETION OF ENERGY EFFICIENCY IMPROVEMENTS UPON
SUCH DWELLINGS BY LICENSED CONTRACTORS; PROVIDED, THAT  ALL  SUCH  LOANS
AND  FINANCING  SHALL  BE  REPAID  AT AN ANNUAL RATE EQUAL TO THE ANNUAL
ENERGY SAVINGS TO THE OWNER OF THE RESIDENTIAL REAL PROPERTY AS A RESULT
OF THE ENERGY EFFICIENCY IMPROVEMENTS PERFORMED   WITH THE  PROCEEDS  OF
THE  LOANS OR FINANCING AND SHALL BE PAID AT THE SAME TIME OTHER MUNICI-
PAL REAL PROPERTY TAXES ARE IMPOSED. EVERY LOAN ISSUED PURSUANT TO  THIS
SECTION  SHALL BE SUBJECT TO A FIXED RATE OF INTEREST ESTABLISHED AT THE
TIME OF THE GRANTING OF SUCH LOAN.
  S 2. Paragraph a of section 11.00 of the local finance law is  amended
by adding a new subdivision 104 to read as follows:
  104. ISSUANCE OF LOANS AND FINANCING PURSUANT TO A GREEN LOANS PROGRAM
IN  ACCORDANCE  WITH  SECTION NINETY-SIX-C OF THE GENERAL MUNICIPAL LAW,
TWENTY YEARS.
  S 3. This act shall take effect immediately.

co-Sponsors

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multi-Sponsors

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2009-A7611B (ACTIVE) - Details

Current Committee:: Assembly Energy
Laws Affected:: Add §96-c, Gen Muni L
Versions Introduced in Other Legislative Sessions:: 2011-2012: A5558
2013-2014: A5820
2015-2016: A2999

2009-A7611B (ACTIVE) - Summary

2009-A7611B (ACTIVE) - Sponsor Memo

                                BILL NUMBER:A7611B

TITLE  OF BILL:   An act to amend the general municipal law, in relation
to establishing the green loans program to  provide  financing  for  the
purchase  and installation of residential solar and wind energy generat-
ing systems, and for the performance  of  improvements  to  improve  the
energy efficiency of residential dwellings

PURPOSE  OR  GENERAL  IDEA  OF THE BILLof : authorizes municipalities to
establish green loans programs to provide financing to residential prop-
erty owners for solar and wind energy generating systems and  authorizes
the  establishment of green homes programs to conduct residential energy
audits.

SUMMARY OF PROVISIONS: Defines municipality, residential real  property,
residential  solar energy generating system and residential wind. energy
generating system. The governing body of any municipality may, by  local
law or ordnance, establish a green loans and green homes program. Such a
program  shall  provide municipal loans and financing to owners of resi-
dential real property within such municipality  for  all  costs  or  any
portion  of  the  costs of purchasing and installing a residential solar
energy generating system and/or a residential wind  energy  system  upon
the  residential real property; and/or the cost of the performance of an
energy efficiency analysis of the dwelling upon residential real proper-
ty and the completion of energy efficiency improvements upon such dwell-
ing by a licensed contractor.

Each such local law or ordinance shall provide for -he terms and  condi-
tions for the awarding and repayment of loans and financing for residen-
tial soar energy generating systems and residential wind energy systems;
provided,  that all such loans and financing shall be repaid by means of
twenty equal, annual charges imposed upon the subject  residential  real
property  at  the  same  time  other  municipal  real property taxes are
imposed. Every loan issued pursuant to this section shall be subject  to
a fixed rate of interest established at the time of the granting of such
loan.

Each  such local law or ordinance shall provide for terms and conditions
for the awarding and repayment of loans and financing for  the  perform-
ance  of  energy  efficiency  analyses of dwelling upon residential real
property and the completion of energy efficiency improvements upon  such
dwellings  by  certified  contractors; provided, that all such loans and
financing shall be repaid at an annual rate equal to the  annual  energy
savings to the owner of the residential real property as a result of the
energy  efficiency improvements performed with the proceeds of the loans
or financing and shall be paid at the same  time  other  municipal  real
property  taxes  are imposed. Every loan issued pursuant to this section
shall be subject to a fixed rate of interest established at the time  of
the granting of such loan.

JUSTIFICATION: In his annual State of the State address, Governor Pater-
son  outlines  his aggressive plan to meet 45% of New York State's elec-

tricity needs through clean renewable energy and improved  energy  effi-
ciency  by  2015.  Installation  of solar and wind energy systems can be
cost effective for many residential property owners  with  the  existing
state  and  federal  subsidies,  yet  there are three major obstacles to
widespread adoption of these technologies and this legislation addresses
them at minimal expense to the State. These obstacles are:

the high upfront cost,
the ability to amortize the cost over 20 years,
and, the possibility that those costs will not  be  recovered  when  the
property is sold.

By  providing  access  to  low  cost  capital through "Green Loans", the
taxpayers of New York will have access to lower cost capital  than  they
might  realize with traditional financing and preserve their home equity
for other purposes. By amortizing the cost over  20  years,  the  annual
cost  will  be  less than annual savings, and by attaching the cost to a
property tax, thereby eliminating the risk  of  recovering  the  expense
when  ownership of the property is transferred. By relying on the credit
worthiness of the municipality and not the homeowner, "Green Loans"  can
spark the renewable energy sector and make significant step :oward meet-
ing our goals of "45 by 15".

LEGISLATIVE HISTORY: New bill.

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: This act shall take effect immediately.

2009-A7611B (ACTIVE) - Bill Text download pdf

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

                                 7611--B

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             April 17, 2009
                               ___________

Introduced  by  M.  of A. ENGLEBRIGHT, BOYLAND, EDDINGTON, COOK, JAFFEE,
  COLTON, REILLY, MAISEL,  CASTRO,  GUNTHER,  PHEFFER,  STIRPE,  BARRON,
  MILLMAN,  ESPAILLAT,  HOOPER, ROSENTHAL -- Multi-Sponsored by -- M. of
  A. CAHILL, GABRYSZAK, GLICK, GORDON,  GOTTFRIED,  MAYERSOHN,  PEOPLES,
  SCHIMEL, TITONE, WEISENBERG -- read once and referred to the Committee
  on  Energy -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee -- reported and referred  to
  the Committee on Ways and Means -- committee discharged, bill amended,
  ordered reprinted as amended and recommitted to said committee

AN  ACT  to amend the general municipal law, in relation to establishing
  the green loans program to provide  financing  for  the  purchase  and
  installation  of residential solar and wind energy generating systems,
  and for the performance of improvements to improve  the  energy  effi-
  ciency of residential dwellings

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

  Section 1. The general municipal  law  is  amended  by  adding  a  new
section 96-c to read as follows:
  S  96-C. GREEN LOANS PROGRAM. 1. FOR THE PURPOSES OF THIS SECTION, THE
FOLLOWING TERMS SHALL HAVE THE FOLLOWING DEFINITIONS:
  A. "MUNICIPALITY" MEANS A COUNTY, CITY, TOWN OR VILLAGE.
  B. "RESIDENTIAL REAL PROPERTY" MEANS REAL  PROPERTY  HAVING  AN  OWNER
OCCUPIED DWELLING UNIT THEREON.
  C.  "RESIDENTIAL  SOLAR ENERGY GENERATING SYSTEM" MEANS AN ARRANGEMENT
OR COMBINATION OF COMPONENTS INSTALLED ON RESIDENTIAL REAL PROPERTY THAT
UTILIZES SOLAR RADIATION TO PRODUCE ENERGY DESIGNED TO PROVIDE  HEATING,
COOLING,  HOT  WATER  AND/OR  ELECTRICITY.  SUCH  TERM SHALL NOT INCLUDE
EQUIPMENT THAT IS PART OF A NON-SOLAR ENERGY SYSTEM.
  D. "RESIDENTIAL WIND ENERGY GENERATING SYSTEM" MEANS AN ARRANGEMENT OR
COMBINATION  OF  COMPONENTS  INSTALLED  ON  RESIDENTIAL  REAL  PROPERTY,
INCLUDING  POWER CONDITIONING EQUIPMENT, DESIGNED TO PROVIDE ELECTRICITY

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10395-11-9

A. 7611--B                          2

OR MECHANICAL ENERGY THROUGH THE PROCESS OF CONVERTING WIND ENERGY  INTO
MECHANICAL  AND/OR  ELECTRIC  ENERGY,  AND  STORING OR DISTRIBUTING SUCH
ENERGY.
  2.  THE  GOVERNING BODY OF ANY MUNICIPALITY MAY, BY LOCAL LAW OR ORDI-
NANCE, ESTABLISH A GREEN LOANS PROGRAM PURSUANT TO  THIS  SECTION  USING
MONIES  MADE  AVAILABLE FROM FEDERAL GRANTS AND OTHER MONIES THAT MAY BE
USED FOR THE PURPOSES OF THIS PROGRAM.   SUCH A  PROGRAM  SHALL  PROVIDE
MUNICIPAL  LOANS  AND  FINANCING  TO OWNERS OF RESIDENTIAL REAL PROPERTY
WITHIN SUCH MUNICIPALITY FOR ALL COSTS OR ANY PORTION OF  THE  COSTS  OF
PURCHASING  AND  INSTALLING A RESIDENTIAL SOLAR ENERGY GENERATING SYSTEM
AND/OR A RESIDENTIAL WIND ENERGY SYSTEM UPON THE RESIDENTIAL REAL  PROP-
ERTY; AND/OR THE COSTS OF THE PERFORMANCE OF AN ENERGY EFFICIENCY ANALY-
SIS OF THE DWELLING UPON RESIDENTIAL REAL PROPERTY AND THE COMPLETION OF
ENERGY  EFFICIENCY  IMPROVEMENTS  UPON  SUCH  DWELLING  BY  A  CERTIFIED
CONTRACTOR.
  3. EACH SUCH LOCAL LAW OR ORDINANCE SHALL PROVIDE FOR  THE  TERMS  AND
CONDITIONS  FOR  THE  AWARDING  AND REPAYMENT OF LOANS AND FINANCING FOR
RESIDENTIAL SOLAR ENERGY GENERATING SYSTEMS AND RESIDENTIAL WIND  ENERGY
SYSTEMS;  PROVIDED, THAT ALL SUCH LOANS AND FINANCING SHALL BE REPAID BY
MEANS OF TWENTY EQUAL, ANNUAL CHARGES IMPOSED UPON THE SUBJECT  RESIDEN-
TIAL  REAL PROPERTY AT THE SAME TIME OTHER MUNICIPAL REAL PROPERTY TAXES
ARE IMPOSED. EVERY LOAN ISSUED PURSUANT TO THIS SECTION SHALL BE SUBJECT
TO A FIXED RATE OF INTEREST ESTABLISHED AT THE TIME OF THE  GRANTING  OF
SUCH LOAN.
  4.  EACH  SUCH  LOCAL LAW OR ORDINANCE SHALL PROVIDE FOR THE TERMS AND
CONDITIONS FOR THE AWARDING AND REPAYMENT OF LOANS AND FINANCING FOR THE
PERFORMANCE OF ENERGY EFFICIENCY ANALYSES OF DWELLINGS UPON  RESIDENTIAL
REAL  PROPERTY AND THE COMPLETION OF ENERGY EFFICIENCY IMPROVEMENTS UPON
SUCH DWELLINGS BY LICENSED CONTRACTORS; PROVIDED, THAT  ALL  SUCH  LOANS
AND  FINANCING  SHALL  BE  REPAID  AT AN ANNUAL RATE EQUAL TO THE ANNUAL
ENERGY SAVINGS TO THE OWNER OF THE RESIDENTIAL REAL PROPERTY AS A RESULT
OF THE ENERGY EFFICIENCY IMPROVEMENTS PERFORMED   WITH THE  PROCEEDS  OF
THE  LOANS OR FINANCING AND SHALL BE PAID AT THE SAME TIME OTHER MUNICI-
PAL REAL PROPERTY TAXES ARE IMPOSED. EVERY LOAN ISSUED PURSUANT TO  THIS
SECTION  SHALL BE SUBJECT TO A FIXED RATE OF INTEREST ESTABLISHED AT THE
TIME OF THE GRANTING OF SUCH LOAN.
  5.  A MUNICIPALITY SHALL NOT PROVIDE LOANS OR  FINANCING  PURSUANT  TO
THIS  SECTION  TO  AN  OWNER OR OWNERS OF RESIDENTIAL REAL PROPERTY THAT
HAVE RECEIVED A LOAN OR FINANCING FROM ANOTHER MUNICIPALITY PURSUANT  TO
THIS SECTION.
  S 2. This act shall take effect immediately.

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Assembly Bill A7611

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Sponsored By

ENGLEBRIGHT

Archive: Last Bill Status - In Assembly Committee

Bill Amendments

2009-A7611 - Details

2009-A7611 - Summary

2009-A7611 - Bill Text download pdf

2009-A7611A - Details

2009-A7611A - Summary

2009-A7611A - Sponsor Memo

2009-A7611A - Bill Text download pdf

co-Sponsors

William Boyland

Vivian Cook

Ellen C. Jaffee

William Colton

multi-Sponsors

Phil Boyle

Kevin Cahill

Dennis H. Gabryszak

Deborah Glick

2009-A7611B (ACTIVE) - Details

2009-A7611B (ACTIVE) - Summary

2009-A7611B (ACTIVE) - Sponsor Memo

2009-A7611B (ACTIVE) - Bill Text download pdf

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