S T A T E   O F   N E W   Y O R K
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                                  2455--A
     Cal. No. 94
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2017
                                ___________
 
 Introduced  by Sen. HAMILTON -- read twice and ordered printed, and when
   printed to be committed to the Committee on  Energy  and  Telecommuni-
   cations  --  recommitted  to  the Committee on Energy and Telecommuni-
   cations in accordance with Senate Rule 6, sec. 8 -- reported favorably
   from said committee, ordered to first report, amended on first report,
   ordered to a second report and ordered reprinted, retaining its  place
   in the order of second report
 
 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 through the installa-
 tion of a high efficiency boiler or furnace or replacement of  a  burner
 in  a  boiler  that  results  in  incremental  emissions  reductions and
 increased energy efficiency.  Heating and cooling  improvement  programs
 established pursuant to this section shall be designed to increase effi-
 ciency by at least twenty percent or reduce fuel usage by at least twen-
 ty  percent and lead to a significant reduction in carbon and/or methane
 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 investment of five years or
 less. The Green Bank funding and the programs  established  pursuant  to
 this  section  shall  not  be  used  for  converting heating and cooling
 systems from one fuel source to another. The Green Bank  shall  seek  to
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD00696-02-8

 S. 2455--A                          2
 
 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 envi-
 ronmental benefits are provided a higher level of support.
   §  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
 on  or  after July 1, 2006 and monies collected by auctions administered
 under the regional greenhouse gas initiative or any other monies  admin-
 istered  by the New York state energy research and development authority
 that may be available for such purpose.
   § 3. This act shall take effect on the thirtieth day  after  it  shall
 have become a law.