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Assembly Bill A450

2015-2016 Legislative Session

Relates to the use of monies from certain funds or accounts

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2015-A450 - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §§1018 & 1884, Pub Auth L
Versions Introduced in 2013-2014 Legislative Session:
A9627

2015-A450 - 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.

2015-A450 - Bill Text download pdf 

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

                                   450

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by  M. of A. RYAN -- read once and referred to the Committee
  on Corporations, Authorities and Commissions

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

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

co-Sponsors

2015-A450A (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §§1018 & 1884, Pub Auth L
Versions Introduced in 2013-2014 Legislative Session:
A9627

2015-A450A (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.

2015-A450A (ACTIVE) - Bill Text download pdf 

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

                                 450--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by  M. of A. RYAN -- read once and referred 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, 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  OR  INCONSISTENT  PROVISION  OF  AN ORDER OF THE PUBLIC SERVICE
COMMISSION OR OF A PLAN OR PROPOSAL OF THE AUTHORITY, ANY FUNDS  AUTHOR-

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

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