Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 02, 2021 |
signed chap.369 |
Jul 21, 2021 |
delivered to governor |
Jun 08, 2021 |
returned to senate passed assembly ordered to third reading rules cal.606 substituted for a7362b |
Jun 08, 2021 |
substituted by s6455c rules report cal.606 reported |
Jun 07, 2021 |
reported referred to rules |
Jun 04, 2021 |
reference changed to ways and means |
Jun 02, 2021 |
print number 7362b |
Jun 02, 2021 |
amend and recommit to corporations, authorities and commissions |
May 20, 2021 |
print number 7362a |
May 20, 2021 |
amend (t) and recommit to corporations, authorities and commissions |
May 06, 2021 |
referred to corporations, authorities and commissions |
Assembly Bill A7362B
Signed By Governor2021-2022 Legislative Session
Sponsored By
THIELE
Archive: Last Bill Status Via S6455 - Signed by Governor
- 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
Bill Amendments
2021-A7362 - Details
- See Senate Version of this Bill:
- S6455
- Law Section:
- Public Authorities
- Laws Affected:
- Amd Part B §§2, 3 & 4, Chap 173 of 2013
2021-A7362 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7362 2021-2022 Regular Sessions I N A S S E M B L Y May 6, 2021 ___________ Introduced by M. of A. THIELE -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend part B of chapter 173 of the laws of 2013 relating to the issuance of securitized restructuring bonds to refinance the outstanding debt of the Long Island power authority, in relation to the utility debt securitization authority; and in relation to permitting the issuance of securitized restructuring bonds to finance system resiliency costs; and to amend the public authorities law, in relation to certain contracts by the Long Island power authority THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and determines that the establishment of the utility debt securitization authority under part B of chapter 173 of the laws of 2013, as amended, permitted the issuance of securitized restructuring bonds on favorable terms which resulted in lower aggregate distribution, transmission and transition charges to Long Island ratepayers, compared to other avail- able alternatives, and the purposes of such act will be further advanced by amending such act to permit the issuance of additional such bonds subject to a limit on the outstanding principal amount thereof and to allow such bonds to be issued to refund bonds of the utility debt secu- ritization authority. The legislature finds and determines that improve- ments to the transmission and distribution system of the Long Island Power Authority to increase resiliency and better withstand the effects of climate change are necessary, and that issuance of securitized restructuring bonds by the Utility Debt Securitization Authority may allow the funding of such improvements on more favorable terms than if such bonds were issued by the Long Island Power Authority. The legisla- ture hereby further finds and determines that it is in the interest of Long Island ratepayers for the comptroller to exercise oversight over EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10395-02-1
2021-A7362A - Details
- See Senate Version of this Bill:
- S6455
- Law Section:
- Public Authorities
- Laws Affected:
- Amd Part B §§2, 3 & 4, Chap 173 of 2013
2021-A7362A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7362--A 2021-2022 Regular Sessions I N A S S E M B L Y May 6, 2021 ___________ Introduced by M. of A. THIELE -- read once and referred to the Committee on Corporations, Authorities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend part B of chapter 173 of the laws of 2013 relating to the issuance of securitized restructuring bonds to refinance the outstanding debt of the Long Island power authority, in relation to the utility debt securitization authority; and in relation to permitting the issuance of securitized restructuring bonds to finance system resiliency costs THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and determines that the establishment of the utility debt securitization authority under part B of chapter 173 of the laws of 2013, as amended, permitted the issuance of securitized restructuring bonds on favorable terms which resulted in lower aggregate distribution, transmission and transition charges to Long Island ratepayers, compared to other avail- able alternatives, and the purposes of such act will be further advanced by amending such act to permit the issuance of additional such bonds subject to a limit on the outstanding principal amount thereof and to allow such bonds to be issued to refund bonds of the utility debt secu- ritization authority. The legislature finds and determines that improve- ments to the transmission and distribution system of the Long Island Power Authority to increase resiliency and better withstand the effects of climate change are necessary, and that issuance of securitized restructuring bonds by the Utility Debt Securitization Authority may allow the funding of such improvements on more favorable terms than if such bonds were issued by the Long Island Power Authority. The legisla- ture hereby further finds and determines that it is in the interest of Long Island ratepayers for the comptroller to exercise oversight over EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2021-A7362B (ACTIVE) - Details
- See Senate Version of this Bill:
- S6455
- Law Section:
- Public Authorities
- Laws Affected:
- Amd Part B §§2, 3 & 4, Chap 173 of 2013
2021-A7362B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7362--B 2021-2022 Regular Sessions I N A S S E M B L Y May 6, 2021 ___________ Introduced by M. of A. THIELE -- read once and referred to the Committee on Corporations, Authorities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend part B of chapter 173 of the laws of 2013 relating to the issuance of securitized restructuring bonds to refinance the outstanding debt of the Long Island power authority, in relation to the utility debt securitization authority; and in relation to permitting the issuance of securitized restructuring bonds to finance system resiliency costs THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and determines that the establishment of the utility debt securitization authority under part B of chapter 173 of the laws of 2013, as amended, permitted the issuance of securitized restructuring bonds on favorable terms which resulted in lower aggregate distribution, transmission and transition charges to Long Island ratepayers, compared to other avail- able alternatives, and the purposes of such act will be further advanced by amending such act to permit the issuance of additional such bonds subject to a limit on the outstanding principal amount thereof and to allow such bonds to be issued to refund bonds of the utility debt secu- ritization authority. The legislature finds and determines that improve- ments to the transmission and distribution system of the Long Island Power Authority to increase resiliency and better withstand the effects of climate change are necessary, and that issuance of securitized restructuring bonds by the Utility Debt Securitization Authority may allow the funding of such improvements on more favorable terms than if such bonds were issued by the Long Island Power Authority. The legisla- ture hereby further finds and determines that it is in the interest of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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