Assembly Bill A8836

2013-2014 Legislative Session

Relates to the carbon dioxide allowance auction program

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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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2013-A8836 (ACTIVE) - Details

See Senate Version of this Bill:
S6185
Current Committee:
Assembly Energy
Law Section:
Public Authorities Law
Laws Affected:
Add ยง1882, Pub Auth L

2013-A8836 (ACTIVE) - Summary

Relates to the distribution of revenues under the carbon dioxide allowance auction program.

2013-A8836 (ACTIVE) - Bill Text download pdf

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

                                  8836

                          I N  A S S E M B L Y

                            February 19, 2014
                               ___________

Introduced  by M. of A. SIMOTAS -- read once and referred to the Commit-
  tee on Energy

AN ACT to amend the public  authorities  law,  in  relation  to  certain
  programs of the New York state energy research and development author-
  ity

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

  Section 1.  Legislative  intent.  The  legislature  hereby  finds  and
declares  that  it  is in the best interests of the state of New York to
pursue policies that will improve  air  quality,  reduce  pollution  and
further the economic well-being of all of our citizens. The Carbon Diox-
ide  Allowance  Auction  Program as described in Part 507 of Title 21 of
the New York Codes, Rules and Regulations and the Carbon Dioxide  Budget
Trading  Program  as  described  in  Part 242 of Title 6 of the New York
Codes, Rules and Regulations are two non-legislative programs that  have
been  adopted  by state agencies and state authorities in furtherance of
the above stated policy goal. These programs collect money for the  sale
of  carbon  allowances  and  use  that revenue to fund energy efficiency
programs and other programs with the laudable goal  of  reducing  green-
house gas emissions.
  The  legislature  further  declares  that areas of the state that host
coal plants or older natural gas or oil fired plants are most negatively
impacted economically by the costs associated with the above  referenced
programs, which can threaten the continued operation of these plants and
therefore  the  jobs and tax base that they represent. Even though these
plants contribute the most revenue to the above referenced programs  and
any  negative  impacts  on  air quality would, as a result, be felt most
acutely by those communities, there is  currently  no  requirement  that
these  programs  invest  any  fixed  percentage of their monies in those
areas.
  Therefore, the legislature finds that it is necessary to require mini-
mum levels of investment of revenues derived  from  the  Carbon  Dioxide
Allowance  Auction Program and the Carbon Dioxide Budget Trading Program
in communities that host carbon intensive  electric  generating  facili-

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

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