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Assembly Bill A918

2009-2010 Legislative Session

Prescribes uniform system of accounts for power authority of state of New York

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Archive: Last Bill Status - In Assembly Committee

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2009-A918 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยงยง1002, 1010-a & 2800, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: A4250
2013-2014: A4017, A8477
2015-2016: A1975
2017-2018: A3773, A9982
2019-2020: A435

2009-A918 (ACTIVE) - Summary

Requires power authority of the state of New York to file a report annually commencing March 31, 2013 with the governor, the comptroller and the chairmen of the assembly ways and means and the senate finance committees, respectively, on its operations and transactions conforming, as far as feasible, with the uniform system of accounts required for electric corporations pursuant to the public service law.

2009-A918 (ACTIVE) - Bill Text download pdf 

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

                                   918

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced by M. of A. DelMONTE, GREENE, FIELDS -- Multi-Sponsored by --
  M.  of  A. AUBRY, CAHILL, COOK, ENGLEBRIGHT, GOTTFRIED, JACOBS, ORTIZ,
  PHEFFER, PRETLOW -- read once and referred to the Committee on  Corpo-
  rations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to prescribing a
  uniform system of accounts for the power authority of the state of New
  York

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

  Section 1. Section 1002 of the public authorities law   is amended  by
adding a new subdivision 3 to read as follows:
  3.  ON MARCH THIRTY-FIRST, TWO THOUSAND THIRTEEN AND EVERY YEAR THERE-
AFTER  ON  SUCH  DATE,  THE  AUTHORITY SHALL FILE WITH THE GOVERNOR, THE
COMPTROLLER, THE CHAIR OF THE ASSEMBLY WAYS AND MEANS COMMITTEE AND  THE
CHAIR OF THE SENATE FINANCE COMMITTEE AN ANNUAL REPORT FOR THE PRECEDING
CALENDAR  YEAR  THAT  SHALL CONFORM, IN EXACT LIKE MANNER, TO THE ANNUAL
REPORT FILED BY ELECTRIC CORPORATIONS WITH THE PUBLIC SERVICE COMMISSION
UNDER THE APPLICABLE PROVISIONS OF THE PUBLIC SERVICE LAW. IN SO  DOING,
THE  AUTHORITY SHALL COMPLY WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED
FOR ELECTRIC CORPORATIONS UNDER THE APPLICABLE PROVISIONS OF THE  PUBLIC
SERVICE LAW.
  S 2. The fourth undesignated paragraph of section 1010-a of the public
authorities law, as added by chapter 146 of the laws of 1951, is amended
to read as follows:
  Subject  to  agreements  with  noteholders  and  bondholders  and  the
approval of the comptroller, the authority shall prescribe a  system  of
accounts.  THE  AUTHORITY  MAY  CONFORM  ITS  SYSTEM  OF ACCOUNTS TO THE
ACCOUNTING SYSTEM REQUIRED FOR REPORTS FILED  PURSUANT  TO  SECTION  ONE
THOUSAND TWO OF THIS TITLE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00885-01-9

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