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Senate Bill S6280

2015-2016 Legislative Session

Relates to providing the green bank funds include fund programs assisting certain building owners with installing energy efficient upgrades

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Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

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2015-S6280 (ACTIVE) - Details

Current Committee:
Senate Energy And Telecommunications
Law Section:
Public Services
Versions Introduced in 2017-2018 Legislative Session:
S2455

2015-S6280 (ACTIVE) - Summary

Relates to providing that green bank funds include fund programs assisting certain building owners with installing energy efficient upgrades.

2015-S6280 (ACTIVE) - Sponsor Memo

2015-S6280 (ACTIVE) - Bill Text download pdf 

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

                                  6280

                            I N  S E N A T E

                               (PREFILED)

                             January 6, 2016
                               ___________

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

AN  ACT  to require the public service commission and the New York state
  energy research and development authority to provide that  Green  Bank
  funds  include  fund  programs  assisting certain building owners with
  installing energy efficient upgrades

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

  Section  1.  Notwithstanding any law, rule, regulation or order to the
contrary, the public service commission and the New  York  state  energy
research  and  development  authority  shall provide that the Green Bank
program is made accessible for funding programs to  assist  residential,
multi-family  building  owners,  hospitals  and  commercial  owners with
installing upgrades to heating and cooling systems including conversions
through the installation of a  high  efficiency  boiler  or  furnace  or
replacement  of  a  burner in a boiler that results in incremental emis-
sions reductions and increased energy efficiency.   Heating and  cooling
improvement  programs  established  pursuant  to  this  section shall be
designed to increase efficiency by at least  twenty  percent  or  reduce
fuel  usage  by  at  least  twenty  percent  and  lead  to a significant
reduction in carbon emissions as defined by  the  authority  guidelines,
developed  after  consultation  with  the  department  of  environmental
conservation, provided that such projects shall have a return on invest-
ment of five years or less. The Green Bank shall seek to develop program
guidelines that provide a level of support  that  is  pro  rata  to  the
increase in efficiency, reduction of fuel use or reduction in emissions,
such  that  enhancements that result in the greatest environmental bene-
fits are provided a higher level of support.
  S 2. The funding streams for the Green Bank shall  be  made  available
for  programs as described in section one of this act and may consist of
monies derived from assessments on transmission and distribution  compa-
nies  under  direct oversight of the public service commission collected

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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