Senate Bill S6963

2013-2014 Legislative Session

Relates to the use of monies from certain funds or accounts

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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-S6963 (ACTIVE) - Details

See Assembly Version of this Bill:
A9627
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §§1018 & 1884, Pub Auth L
Versions Introduced in 2015-2016 Legislative Session:
S3615, S4075, A450

2013-S6963 (ACTIVE) - Summary

Relates to the use of monies from certain funds or accounts, specifically the power authority in connection with any energy projects, energy or energy-related fees or surcharges authorized by the public service commission.

2013-S6963 (ACTIVE) - Sponsor Memo

2013-S6963 (ACTIVE) - Bill Text download pdf

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

                                  6963

                            I N  S E N A T E

                              April 9, 2014
                               ___________

Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
  printed to be committed to the Committee on  Energy  and  Telecommuni-
  cations

AN  ACT  to  amend the public authorities law, in relation to the use of
  monies from certain funds or accounts

  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. USE AND TRANSFER OF FUNDS. NOTWITHSTANDING ANY OTHER PROVISION
OF LAW, AS DEEMED FEASIBLE AND ADVISABLE BY ITS TRUSTEES,  ANY  AND  ALL
FUNDS  OF  THE  AUTHORITY  SHALL  BE USED EXCLUSIVELY FOR THE PURPOSE OF
EFFECTUATING THE POLICY DECLARED IN SECTION ONE  THOUSAND  ONE  OF  THIS
TITLE  AND SHALL, IN NO CIRCUMSTANCES, BE TRANSFERRED OR OTHERWISE GIVEN
TO THE STATE OF NEW YORK UNLESS SUCH FUNDS ARE USED DIRECTLY FOR  ENERGY
PROJECTS.  FOR  THE PURPOSES OF THIS SECTION, THE TERM "ENERGY PROJECTS"
SHALL MEAN INFRASTRUCTURE IMPROVEMENTS AT AN ELECTRIC GENERATING FACILI-
TY, ACQUISITION OR INSTALLATION OF NEW EQUIPMENT AT AN ELECTRIC GENERAT-
ING FACILITY, REPLACEMENT OR RETROFIT OF BURNERS OR TURBINES,  INSTALLA-
TION OR ACQUISITION OF ON-SITE RENEWABLE ENERGY GENERATION, INSTALLATION
OR UPGRADE OF TRANSMISSION LINES, REPLACEMENT OR REINFORCEMENT OF TRANS-
MISSION  INFRASTRUCTURE, PUBLIC POLICY REPOWERING PROJECTS, ENERGY EFFI-
CIENCY PROJECTS, CLEAN ENERGY TECHNOLOGY PROJECTS, AND ANY  PROGRAMS  TO
FINANCE ANY SUCH PROJECTS.
  S  2.  The  public  authorities law is amended by adding a new section
1884 to read as follows:
  S 1884. USE AND TRANSFER OF FUNDS. NOTWITHSTANDING ANY OTHER PROVISION
OF LAW, ANY FUNDS COLLECTED BY THE  AUTHORITY  IN  CONNECTION  WITH  ANY
ENERGY  OR  ENERGY-RELATED  FEE  OR  SURCHARGE  AUTHORIZED BY THE PUBLIC
SERVICE COMMISSION SHALL BE  DEDICATED  AND  USED  EXCLUSIVELY  FOR  THE
PURPOSES  SPECIFIED  BY  THE  PUBLIC  SERVICE COMMISSION FOR SUCH FEE OR
SURCHARGE. IN THE EVENT THAT COLLECTIONS BY THE AUTHORITY IN A  CALENDAR
YEAR EXCEED THE COST OF PROGRAMS AND SERVICES OFFERED IN CONNECTION WITH
SUCH  FEES  OR  SURCHARGES  DURING  SUCH CALENDAR YEAR, THEN SUCH EXCESS
COLLECTIONS SHALL BE RETURNED TO RATEPAYERS  PURSUANT  TO  A  PROCEEDING
ESTABLISHED BY THE PUBLIC SERVICE COMMISSION.
  S 3. This act shall take effect immediately.
              

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