senate Bill S5583A

2013-2014 Legislative Session

Authorizes unallocated power to be used in connection with the St. Lawrence river valley economic development fund

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 10, 2014 reported and committed to finance
Jan 08, 2014 referred to energy and telecommunications
Jun 04, 2013 print number 5583a
amend and recommit to finance
Jun 04, 2013 reported and committed to finance
May 22, 2013 referred to energy and telecommunications

Votes

view votes

Feb 10, 2014 - Energy and Telecommunications committee Vote

S5583A
10
0
committee
10
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Energy and Telecommunications committee vote details

Energy and Telecommunications Committee Vote: Feb 10, 2014

Jun 4, 2013 - Energy and Telecommunications committee Vote

S5583
11
0
committee
11
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Jun 4, 2013

Co-Sponsors

S5583 - Details

Law Section:
Public Authorities Law
Laws Affected:
Amd §1005, Pub Auth L

S5583 - Summary

Authorizes unallocated power to be used in connection with the St. Lawrence river valley economic development fund.

S5583 - Sponsor Memo

S5583 - Bill Text download pdf

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

                                  5583

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 22, 2013
                               ___________

Introduced  by  Sens. RITCHIE, GRIFFO -- read twice and ordered printed,
  and when printed to be committed to the Committee on Energy and  Tele-
  communications

AN  ACT  to amend the public authorities law, in relation to authorizing
  unallocated power to be used for the specified purposes

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

  Section  1.  Section  1005 of the public authorities law is amended by
adding four undesignated paragraphs to be  the  thirteenth,  fourteenth,
fifteenth and sixteenth undesignated paragraphs to read as follows:
  THE  AUTHORITY  IS  AUTHORIZED  TO  ALLOCATE UP TO TWENTY MEGAWATTS OF
POWER FROM THE  SAINT  LAWRENCE-FDR  PROJECT  HEREAFTER  KNOWN  AS  "ST.
LAWRENCE  COUNTY  ECONOMIC DEVELOPMENT POWER" WHICH IS UNALLOCATED AS OF
THE EFFECTIVE DATE OF  THIS  PARAGRAPH,  FOR  SALE  INTO  THE  WHOLESALE
MARKET, THE NET EARNINGS FROM WHICH AND SUCH OTHER FUNDS OF THE AUTHORI-
TY  AS  DEEMED FEASIBLE AND ADVISABLE BY THE TRUSTEES, SHALL BE USED FOR
PURPOSES OF THE ST. LAWRENCE  RIVER  VALLEY  ECONOMIC  DEVELOPMENT  FUND
(HEREINAFTER  REFERRED  TO AS THE "SLRVED FUND"). SUCH PROCEEDS SHALL BE
DISBURSED UPON RECOMMENDATION OF THE ST. LAWRENCE RIVER VALLEY  REDEVEL-
OPMENT DEVELOPMENT AGENCY AND/OR THE ST. LAWRENCE INDUSTRIAL DEVELOPMENT
AGENCY  AND/OR  THEIR  SUCCESSORS (HEREINAFTER THE RVRDA ADVISORY GROUP)
PURSUANT TO THE FUND CONTEMPLATED IN  THE  AGREEMENT  TO  FUND  THE  ST.
LAWRENCE  RIVER  VALLEY  REDEVELOPMENT  DEVELOPMENT AGENCY DATED JUNE 2,
2010 BY AND BETWEEN THE  POWER  AUTHORITY  OF  THE  STATE  OF  NEW  YORK
(PASNY),  THE  ST.  LAWRENCE  COUNTY INDUSTRIAL DEVELOPMENT AGENCY LOCAL
DEVELOPMENT CORPORATION AND  THE  PASNY  HOST  COMMUNITIES  ON  THE  ST.
LAWRENCE RIVER INCLUDING THE TOWNS OF WADDINGTON, LOUISVILLE, LISBON AND
MASSENA,  THE  VILLAGES  OF WADDINGTON AND MASSENA AND THE COUNTY OF ST.
LAWRENCE. FOR PURPOSES OF THIS PARAGRAPH, THE TERM  NET  EARNINGS  SHALL
MEAN  THE DIFFERENCE BETWEEN THE POWER AUTHORITY'S COST-BASED HYDROELEC-
TRIC RATE FOR POWER AND ENERGY AND THE PREVAILING WHOLESALE MARKET PRICE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11041-01-3

Co-Sponsors

S5583A (ACTIVE) - Details

Law Section:
Public Authorities Law
Laws Affected:
Amd §1005, Pub Auth L

S5583A (ACTIVE) - Summary

Authorizes unallocated power to be used in connection with the St. Lawrence river valley economic development fund.

S5583A (ACTIVE) - Sponsor Memo

S5583A (ACTIVE) - Bill Text download pdf

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

                                 5583--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 22, 2013
                               ___________

Introduced  by  Sens. RITCHIE, GRIFFO -- read twice and ordered printed,
  and when printed to be committed to the Committee on Energy and  Tele-
  communications -- reported favorably from said committee and committed
  to  the  Committee  on  Finance -- committee discharged, bill amended,
  ordered reprinted as amended and recommitted to said committee

AN ACT to amend the public authorities law, in relation  to  authorizing
  unallocated power to be used for the specified purposes

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

  Section 1. Section 1005 of the public authorities law  is  amended  by
adding  four  undesignated  paragraphs to be the thirteenth, fourteenth,
fifteenth and sixteenth undesignated paragraphs to read as follows:
  THE AUTHORITY IS AUTHORIZED TO ALLOCATE  UP  TO  TWENTY  MEGAWATTS  OF
POWER  FROM  THE  SAINT  LAWRENCE-FDR  PROJECT  HEREAFTER  KNOWN AS "ST.
LAWRENCE COUNTY ECONOMIC DEVELOPMENT POWER" WHICH IS UNALLOCATED  AS  OF
THE  EFFECTIVE  DATE  OF  THIS  PARAGRAPH,  FOR  SALE INTO THE WHOLESALE
MARKET, THE NET EARNINGS FROM WHICH AND SUCH OTHER FUNDS OF THE AUTHORI-
TY AS DEEMED FEASIBLE AND ADVISABLE BY THE TRUSTEES, SHALL BE  USED  FOR
PURPOSES  OF  THE  ST.  LAWRENCE  RIVER VALLEY ECONOMIC DEVELOPMENT FUND
(HEREINAFTER REFERRED TO AS THE "SLRVED FUND"). SUCH PROCEEDS  SHALL  BE
DISBURSED  UPON RECOMMENDATION OF THE ST. LAWRENCE RIVER VALLEY REDEVEL-
OPMENT DEVELOPMENT AGENCY AND/OR THE ST. LAWRENCE INDUSTRIAL DEVELOPMENT
AGENCY AND/OR THEIR SUCCESSORS (HEREINAFTER THE  RVRDA  ADVISORY  GROUP)
PURSUANT  TO  THE  FUND  CONTEMPLATED  IN  THE AGREEMENT TO FUND THE ST.
LAWRENCE RIVER VALLEY REDEVELOPMENT DEVELOPMENT  AGENCY  DATED  JUNE  2,
2010  BY  AND  BETWEEN  THE  POWER  AUTHORITY  OF  THE STATE OF NEW YORK
(PASNY), THE ST. LAWRENCE COUNTY  INDUSTRIAL  DEVELOPMENT  AGENCY  LOCAL
DEVELOPMENT  CORPORATION  AND  THE  PASNY  HOST  COMMUNITIES  ON THE ST.
LAWRENCE RIVER INCLUDING THE TOWNS OF WADDINGTON, LOUISVILLE, LISBON AND
MASSENA, THE VILLAGES OF WADDINGTON AND MASSENA AND THE  COUNTY  OF  ST.
LAWRENCE.  FOR  PURPOSES  OF THIS PARAGRAPH, THE TERM NET EARNINGS SHALL

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11041-02-3

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