Senate Bill S1781

2009-2010 Legislative Session

Relates to the power authority of the state of New York and the public authorities control board

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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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2009-S1781 (ACTIVE) - Details

Current Committee:
Senate Energy And Telecommunications
Law Section:
Public Authorities Law
Laws Affected:
Amd §§51 & 1005, add §§1855-a, 1855-b & 1855-c, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: S1056
2013-2014: S1616
2015-2016: S1063
2017-2018: S3114
2019-2020: S3584
2021-2022: S3335
2023-2024: S4935

2009-S1781 (ACTIVE) - Summary

Relates to the power authority of the state of New York and the public authorities control board; prohibits the power authority from undertaking any project or sale of any asset exceeding one million dollars without the approval from the public authorities control board; provides for factors for such determination; creates a temporary special commission on the restructuring of the power authority of the state of New York

2009-S1781 (ACTIVE) - Sponsor Memo

2009-S1781 (ACTIVE) - Bill Text download pdf

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

                                  1781

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 6, 2009
                               ___________

Introduced by Sens. PARKER, DIAZ, DILAN, DUANE, HASSELL-THOMPSON, KRUEG-
  ER,  ONORATO, OPPENHEIMER, SAMPSON, SCHNEIDERMAN, SERRANO, STAVISKY --
  read twice and ordered printed, and when printed to  be  committed  to
  the Committee on Energy and Telecommunications

AN  ACT  to  amend  the public authorities law, in relation to the power
  authority of the state of New York and the public authorities  control
  board, and in relation to directing the New York state energy research
  and  development  authority  to conduct studies related to the state's
  electric transmission system, the state's natural  gas  infrastructure
  and a comprehensive energy plan for the downstate region of the state

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

  Section 1. Subdivision 1 of section 51 of the public  authorities  law
is amended by adding a new paragraph m to read as follows:
  M. POWER AUTHORITY OF THE STATE OF NEW YORK
  S 2. Section 1005 of the public authorities law is amended by adding a
new subdivision 11-a to read as follows:
  11-A.  NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, THE
AUTHORITY SHALL NOT UNDERTAKE ANY PROJECT OR SALE OF ANY ASSET EXCEEDING
ONE MILLION DOLLARS IN VALUE WITHOUT THE APPROVAL OF THE PUBLIC AUTHORI-
TIES CONTROL BOARD CREATED PURSUANT TO ARTICLE ONE-A  OF  THIS  CHAPTER.
EACH APPLICATION TO THE PUBLIC AUTHORITIES CONTROL BOARD SHALL CONTAIN A
PROJECT DESCRIPTION OR DESCRIPTION OF SALE AND AN EXPLANATION OF WHY THE
PROJECT  OR SALE MEETS THE STANDARDS FOR PROJECT APPROVAL OR APPROVAL OF
SALE SET FORTH IN THIS SUBDIVISION. THE PUBLIC AUTHORITIES CONTROL BOARD
SHALL ONLY APPROVE A PROJECT OR SALE PROPOSED BY THE AUTHORITY UPON  ITS
DETERMINATION THAT:
  A.  THE  PROJECT  OR  SALE  IS FINANCIALLY FEASIBLE AS THE STANDARD AS
DEFINED IN ARTICLE ONE-A OF THIS CHAPTER;
  B. THE PROJECT OR SALE IS ANTICIPATED TO  RESULT  GENERALLY  IN  LOWER
UTILITY RATES IN THE STATE; AND

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02251-01-9
              

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