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Senate Bill S3615

2015-2016 Legislative Session

Relates to the use of monies from certain funds or accounts

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Archive: Last Bill Status - Stricken

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2015-S3615 (ACTIVE) - Details

See other versions of this Bill:
S4075 ,
A450 ,
Law Section:
Public Authorities Law
Laws Affected:
Add ยงยง1018 & 1884, Pub Auth L
Versions Introduced in 2013-2014 Legislative Session:
S6963

2015-S3615 (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-S3615 (ACTIVE) - Sponsor Memo

2015-S3615 (ACTIVE) - Bill Text download pdf 

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

                                  3615

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 13, 2015
                               ___________

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

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.
                                                           LBD00617-01-5

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