senate Bill S7594A

2013-2014 Legislative Session

Creates a commercial on-bill repayment program

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Archive: Last Bill Status -


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

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Actions

view actions (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 06, 2014 print number 7594a
amend (t) and recommit to corporations, authorities and commissions
May 15, 2014 referred to corporations, authorities and commissions

S7594 - Details

Law Section:
Public Authorities Law
Laws Affected:
Add Art 8 Title 9-B §§1900 - 1907, amd §1855, ren §§1020-ii - 1020-kk to be §§1020-jj - 1020-ll, add §1020-ii, Pub Auth L; amd §§18-a & 65, add §66-n, Pub Serv L; amd §§242 & 291-j, RP L

S7594 - Summary

Creates a commercial on-bill repayment program to permit financing of clean energy projects by commercial enterprises.

S7594 - Sponsor Memo

S7594 - Bill Text download pdf

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

                                  7594

                            I N  S E N A T E

                              May 15, 2014
                               ___________

Introduced  by  Sen. MAZIARZ -- 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, the public service law and,
  the real property law, in relation  to  establishing  the  "Commercial
  on-bill repayment act of 2014"

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

  Section 1. Legislative findings. The legislature  finds  and  declares
that promoting widespread dissemination of energy conservation and clean
energy  technologies  represents a clear and cost-effective strategy for
building owners and occupants in New York state to curtail the  emission
of  greenhouse  gases and harmful air contaminants, reducing the state's
contribution to climate change, reducing dependence on fossil fuels, and
creating green jobs to sustain and enhance our economy. However, lack of
affordable and accessible financing for many owners of commercial build-
ings has hindered progress in fully realizing the promise of these tech-
nologies. On-bill repayment facilitates the financing  of  clean  energy
projects  through  the utility bill, which can allow for more affordable
financing terms than would be otherwise available due to the security of
utility bill payments. On-bill repayment will incentivize private inves-
tors to invest in clean energy improvements in New York, will  stimulate
the  state's  economy by creating jobs for contractors and other persons
who complete new energy improvements, and will reinforce the  leadership
role  of  the  state in the new energy economy, thereby attracting clean
energy manufacturing facilities and related jobs to the  state.  On-bill
repayment  expands  access  to  clean energy upgrades without relying on
public funding.
  Therefore, it is the intent of the legislature to enact a  "Commercial
On-Bill  Repayment"  program  to  animate  the  market  for clean energy
improvements and accelerate the flow of private capital into clean ener-
gy projects, and thus achieve significant reductions in  greenhouse  gas
emissions  and  toxic  emissions well above the level of reductions that
would be achieved through business as usual.

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

S7594A (ACTIVE) - Details

Law Section:
Public Authorities Law
Laws Affected:
Add Art 8 Title 9-B §§1900 - 1907, amd §1855, ren §§1020-ii - 1020-kk to be §§1020-jj - 1020-ll, add §1020-ii, Pub Auth L; amd §§18-a & 65, add §66-n, Pub Serv L; amd §§242 & 291-j, RP L

S7594A (ACTIVE) - Summary

Creates a commercial on-bill repayment program to permit financing of clean energy projects by commercial enterprises.

S7594A (ACTIVE) - Sponsor Memo

S7594A (ACTIVE) - Bill Text download pdf

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

                                 7594--A

                            I N  S E N A T E

                              May 15, 2014
                               ___________

Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and   Commissions  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the public authorities law, the public service  law  and
  the  real  property  law,  in relation to establishing the "Commercial
  on-bill repayment act of 2014"

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

  Section  1.  Legislative  findings. The legislature finds and declares
that promoting widespread dissemination of energy conservation and clean
energy technologies represents a clear and cost-effective  strategy  for
building  owners and occupants in New York state to curtail the emission
of greenhouse gases and harmful air contaminants, reducing  the  state's
contribution to climate change, reducing dependence on fossil fuels, and
creating green jobs to sustain and enhance our economy. However, lack of
affordable and accessible financing for many owners of commercial build-
ings has hindered progress in fully realizing the promise of these tech-
nologies.  On-bill  repayment  facilitates the financing of clean energy
projects through the utility bill, which can allow for  more  affordable
financing terms than would be otherwise available due to the security of
utility bill payments. On-bill repayment will incentivize private inves-
tors  to invest in clean energy improvements in New York, will stimulate
the state's economy by creating jobs for contractors and  other  persons
who  complete new energy improvements, and will reinforce the leadership
role of the state in the new energy economy,  thereby  attracting  clean
energy  manufacturing  facilities and related jobs to the state. On-bill
repayment expands access to clean energy  upgrades  without  relying  on
public funding.
  Therefore,  it is the intent of the legislature to enact a "Commercial
On-Bill Repayment" program  to  animate  the  market  for  clean  energy
improvements and accelerate the flow of private capital into clean ener-
gy  projects,  and thus achieve significant reductions in greenhouse gas

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15284-02-4

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