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Senate Bill S2452

2009-2010 Legislative Session

Authorizes the New York state energy research and development authority to develop an energy weatherization program; appropriation

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2009-S2452 (ACTIVE) - Details

Law Section:
Appropriations
Laws Affected:
Amd ยง1854, Pub Auth L

2009-S2452 (ACTIVE) - Summary

Authorizes the New York state energy research and development authority to develop an energy weatherization program and to issue bonds for the purpose of extending grants for energy weatherization services; appropriates $50,000,000 therefor.

2009-S2452 (ACTIVE) - Sponsor Memo

2009-S2452 (ACTIVE) - Bill Text download pdf 

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

                                  2452

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 20, 2009
                               ___________

Introduced  by  Sens. PARKER, ONORATO -- read twice and ordered printed,
  and when printed to be committed to the Committee on Finance

AN ACT to amend the public authorities law, in relation  to  authorizing
  the New York state energy research and development authority to devel-
  op  an  energy  weatherization  program;  and  making an appropriation
  therefor

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

  Section  1.  Section  1854 of the public authorities law is amended by
adding a new subdivision 9 to read as follows:
  9. ENERGY WEATHERIZATION PROGRAM. (A) TO ISSUE BONDS FOR  THE  PURPOSE
OF  EXTENDING  GRANTS FROM APPROPRIATIONS AND BOND PROCEEDS TO ANY RESI-
DENTIAL HOUSEHOLD FOR ENERGY WEATHERIZATION SERVICES TO ANY  PERSON  FOR
COSTS  INCURRED  IN  CONNECTION  WITH ENERGY WEATHERIZATION. SUCH GRANTS
MAY, BUT NEED NOT BE SECURED BY MORTGAGES, CONTRACTS,  LEASES  OR  OTHER
INSTRUMENTS,  UPON  SUCH  TERMS  AND  CONDITIONS  AS THE AUTHORITY SHALL
DETERMINE REASONABLE IN CONNECTION WITH SUCH GRANTS.
  (B) IN THE EXERCISE OF POWERS GRANTED IN PARAGRAPH (A) OF THIS  SUBDI-
VISION,  IN  CONNECTION  WITH ANY WEATHERIZATION PROJECT, TO REQUIRE THE
INCLUSION IN ANY CONTRACT, LEASE, LOAN AGREEMENT OR OTHER INSTRUMENT  OF
SUCH  PROVISIONS FOR THE FINANCING OF SUCH PROJECT AND SUCH OTHER FINAN-
CIAL OR OTHER COVENANTS AS THE AUTHORITY MAY DEEM NECESSARY OR DESIRABLE
AND TO DO ALL THINGS AND TO EXECUTE ALL INSTRUMENTS NECESSARY AND DESIR-
ABLE IN CONNECTION THEREWITH.
  (C) THE TOTAL  AMOUNT  OF  BONDS  ISSUED  CANNOT  EXCEED  ONE  BILLION
DOLLARS,  AND  PROCEEDS  TO ANY RESIDENTIAL HOUSEHOLD FOR THE PURPOSE OF
ENERGY WEATHERIZATION SERVICES WILL BE LIMITED AT FIVE THOUSAND  DOLLARS
PER HOUSEHOLD PER ANNUM.
  S 2. The sum of fifty million dollars ($50,000,000), or so much there-
of  as  may  be  necessary, is hereby appropriated to the New York state
energy research and development authority from any moneys in  the  state

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02510-01-9

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