Senate Bill S5583

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 Finance 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

Bill Amendments

co-Sponsors

2013-S5583 - Details

Current Committee:
Senate Finance
Law Section:
Public Authorities Law
Laws Affected:
Amd §1005, Pub Auth L

2013-S5583 - Summary

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

2013-S5583 - Sponsor Memo

2013-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

2013-S5583A (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Public Authorities Law
Laws Affected:
Amd §1005, Pub Auth L

2013-S5583A (ACTIVE) - Summary

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

2013-S5583A (ACTIVE) - Sponsor Memo

2013-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
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.