Senate Bill S7937

2015-2016 Legislative Session

Authorizes NYSERDA to expend proceeds collected from the auction at sale of carbon dioxide emission allowances

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Sponsored By

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

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2015-S7937 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Energy

2015-S7937 (ACTIVE) - Summary

Authorizes NYSERDA to expend an amount not to exceed one hundred million dollars from proceeds collected from the auction at sale of carbon dioxide emission allowances.

2015-S7937 (ACTIVE) - Sponsor Memo

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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