| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 04, 2012 |
referred to corporations, authorities and commissions |
| May 03, 2011 |
referred to corporations, authorities and commissions |
Senate Bill S5219
2011-2012 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee
Actions
2011-S5219 (ACTIVE) - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Add ยง1018, Pub Auth L
2011-S5219 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5219
TITLE OF BILL:
An act
to amend
the public authorities law, in relation to authorizing
the Power Authority
of the state of New York to acquire the Long Island power authority as a
subsidiary of such authority
PURPOSE:
To authorize the Power Authority of the State of New York to acquire
the Long Island Power Authority as a subsidiary.
SUMMARY OF PROVISIONS:
This bill will authorize the Power Authority of the State of New York
to acquire the Long Island Power Authority as a subsidiary. The bill
further provides that LIPA is authorized to be transferred to NYPA
JUSTIFICATION:
The Long Island Power Authority has long been criticized for its lack
of transparency and responsiveness to the ratepayers. Additionally,
the costs of administering the authority have been substantial. This
bill would provide legislative authority for LIPA to become a
subsidiary of the Power Authority of the state of New York, taking
advantage of NYPA management while maintaining LIPA as a separate and
2011-S5219 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5219
2011-2012 Regular Sessions
I N S E N A T E
May 3, 2011
___________
Introduced by Sen. LAVALLE -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the public authorities law, in relation to authorizing
the Power Authority of the state of New York to acquire the Long
Island power authority as a subsidiary of such authority
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The public authorities law is amended by adding a new
section 1018 to read as follows:
S 1018. LONG ISLAND POWER AUTHORITY; SUBSIDIARY. THE AUTHORITY IS
HEREBY AUTHORIZED, WITHIN ONE HUNDRED TWENTY DAYS OF THE EFFECTIVE DATE
OF THIS SECTION, TO ACQUIRE THE LONG ISLAND POWER AUTHORITY AS A SUBSID-
IARY OF THE AUTHORITY. THE AUTHORITY SHALL HAVE THE RIGHT TO EXERCISE
AND PERFORM ALL OR PART OF THE LONG ISLAND POWER AUTHORITY'S POWERS AND
FUNCTIONS THROUGH ITS DIRECTORS BY RESOLUTION OF THE BOARD DIRECTING ANY
OF ITS TRUSTEES, OFFICERS OR EMPLOYEES TO ACQUIRE THE LONG ISLAND POWER
AUTHORITY. SUCH RESOLUTION SHALL PRESCRIBE THE PURPOSE FOR WHICH THE
LONG ISLAND POWER AUTHORITY IS TO BE ACQUIRED.
S 2. The Long Island power authority, as constituted by title 1-a of
article 5 of the public authorities law is hereby authorized to transfer
such entity to the Power Authority of the State of New York, as consti-
tuted by title 1 of article 5 of the public authorities law.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11252-02-1
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