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Assembly Bill A8041

2019-2020 Legislative Session

Relates to creating the solar panel purchasing revolving loan program

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Archive: Last Bill Status - In Assembly Committee

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2019-A8041 (ACTIVE) - Details

Current Committee:
Assembly Cities
Law Section:
New York State Financial Emergency Act for the City of NY
Laws Affected:
Amd §3, Chap 868 of 1975

2019-A8041 (ACTIVE) - Summary

Creates the solar panel purchasing revolving loan program using funds from the general debt services fund.

2019-A8041 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8041
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 31, 2019
                                ___________
 
 Introduced by M. of A. ABBATE -- read once and referred to the Committee
   on Cities
 
 AN  ACT  to  amend chapter 868 of the laws of 1975, constituting the New
   York state financial emergency act  for  the  city  of  New  York,  in
   relation to creating the solar panel purchasing revolving loan program

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 3 of section 2 of chapter 868 of the laws of  1975,
 constituting  the New York state financial emergency act for the city of
 New York, is amended by adding a new subdivision 4 to read as follows:
   4. ANY NON-SPENDABLE FUND BALANCES WITHIN THE FUND AS IDENTIFIED WITH-
 IN THE NEW YORK CITY COMPREHENSIVE ANNUAL FINANCIAL REPORT SHALL BE MADE
 AVAILABLE FOR LOANS FOR RESIDENTIAL HOMES WITHIN THE CITY  OF  NEW  YORK
 FOR  THE PURCHASING AND INSTALLATION OF SOLAR PANELS ON SUCH RESIDENTIAL
 HOMES. THE CITY BY LOCAL LAW  SHALL  ESTABLISH  SUCH  RESIDENTIAL  SOLAR
 PANEL LOAN PROGRAM.
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08492-04-9

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