Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 17, 2016 |
committed to rules |
Jun 06, 2016 |
advanced to third reading |
Jun 02, 2016 |
2nd report cal. |
Jun 01, 2016 |
1st report cal.1317 |
May 26, 2016 |
referred to energy and telecommunications |
Senate Bill S7937
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
Actions
Votes
2015-S7937 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Energy
2015-S7937 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7937 TITLE OF BILL : An act to authorize NYSERDA to expend proceeds collected from the auction at sale of carbon dioxide emission allowances PURPOSE : To authorize NYSERDA to expend proceeds collected from the auction at sale of carbon dioxide emission allowances. SUMMARY OF PROVISIONS : Section 1 authorizes and directs NYSERDA to expend an amount not to exceed $100 million from proceeds collected from the auction at sale of carbon dioxide emission allowances allocation by the Department of Environmental Conservation on or before March 31, 2017 for the state fiscal year commencing April 1, 2016, pending a final order and determination by the Public Service Commission. This would provide financial support for the benefit of the electric system and maintain the viability of certain nuclear power plants that demonstrate the lack of financial viability absent additional financial support. Section 2 is the effective date.
2015-S7937 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7937 I N S E N A T E May 26, 2016 ___________ Introduced by Sen. RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to authorize NYSERDA to expend proceeds collected from the auction at sale of carbon dioxide emission allowances THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any provision of law, rule or regulation to the contrary, the New York state energy research and development author- ity is authorized and directed to expend an amount not to exceed one hundred million dollars from proceeds collected by such authority from the auction at sale of carbon dioxide emission allowances allocated by the department of environmental conservation on or before March 31, 2017 for the state fiscal year commencing April 1, 2016, which amount shall be utilized to effectuate an expedited program, pending a final order and determination by the public service commission in case 15-E-0302, that would provide financial support for the benefit of the electric system to maintain the viability of certain nuclear power plants that can demonstrate the lack of financial viability absent additional finan- cial support. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15663-01-6
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