NY State Senate Bill S4261

Archive: Last Bill Status - Passed Senate

Introduced
In Committee
On Floor Calendar
- Passed Senate
- Passed Assembly
Delivered to Governor
Signed/Vetoed by Governor

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Actions

view actions (15)

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 18, 2022	referred to energy delivered to assembly passed senate
May 16, 2022	advanced to third reading
May 11, 2022	2nd report cal.
May 10, 2022	1st report cal.1301
Jan 05, 2022	referred to energy and telecommunications returned to senate died in assembly
Jun 03, 2021	referred to energy delivered to assembly passed senate
Jun 01, 2021	ordered to third reading cal.1376 committee discharged and committed to rules
Feb 03, 2021	referred to energy and telecommunications

Votes

Co-Sponsors

S4261 (ACTIVE) - Details

See Assembly Version of this Bill:: A6206
Law Section:: Public Authorities Law
Laws Affected:: Amd §1005, Pub Auth L
Versions Introduced in Other Legislative Sessions:: 2019-2020: S6916
2023-2024: S4876, A2918

S4261 (ACTIVE) - Summary

Relates to the amount of St. Lawrence county economic development power that may be used by the New York Power Authority to generate net earnings.

S4261 (ACTIVE) - Sponsor Memo

 
BILL NUMBER: S4261

SPONSOR: GRIFFO
 
TITLE OF BILL:

An act to amend the public authorities law, in relation to the amount of
St. Lawrence county economic development power that may be used by the
New York Power Authority to generate net earnings

 
PURPOSE:

The purpose of this bill is to extend, for an indefinite period of time,
the program funded by the sale of certain unallocated hydropower
produced by the Power Authority of the State of New York (NYPA) at its
St. Lawrence-FDR Power Project to support economic development in St.
Lawrence County.

 
SUMMARY OF PROVISIONS:

Section 1 of the bill removes from statute the reduction from 20 mega
watts to ten megawatts that is eligible for monetization for economic

development purposes in St. Lawrence County; this allows for 20 mega-
watts to be monetized indefinitely.

Section 2 marks the effective date.

 
JUSTIFICATION:

In 2014, per an agreement between the county of St. Lawrence, the Gover-
nor of the state of New York and the New York Power Authority (NYPA),
the Legislature passed and the governor signed into law the Northern New
York Power Proceeds Allocation Act. The program was based on the previ-
ously enacted Western New York Power Proceeds Allocation Act.

The program was created to support eligible economic development
projects located or proposed to be located in St. Lawrence County by
eligible applicants. The program is funded by the sale of certain unal-
located hydropower produced by NYPA at its St. Lawrence-FDR Power
Project, which has been made available to the Town of Massena electric
Department under a contract with NYPA entered into in 2012 entitled
"Agreement Governing the Sale of St. Lawrence-PDR Project Power and
Energy" to the Town of Massena Electric Department for Economic Develop-
ment Purposes."

As of December 29, 2019, the megawatts eligible to be monetized for the
purposes of economic development in St. Lawrence County has been reduced
to ten. This bill would remove the provision of law that resulted in
this reduction, restore the 20 megawatts that existed from 2014 to the
end of 2019, and provide for that megawatt monetization level to contin-
ue in perpetuity.

 
LEGISLATIVE HISTORY:

2019-20 - S. 6916 - Energy and Telecommunications Committee.

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
Immediate.

S4261 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4261
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 3, 2021
                                ___________
 
 Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
   printed to be committed to the Committee on  Energy  and  Telecommuni-
   cations
 
 AN ACT to amend the public authorities law, in relation to the amount of
   St. Lawrence county economic development power that may be used by the
   New York Power Authority to generate net earnings

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (c) of subdivision 24  of  section  1005  of  the
 public  authorities law, as added by chapter 545 of the laws of 2014, is
 amended to read as follows:
   (c) The authority shall establish an account to be known as the north-
 ern New York economic development fund, which shall  consist  solely  of
 net  earnings. The authority, as determined to be feasible and advisable
 by the trustees, shall deposit net earnings into the fund no  less  than
 quarterly,  provided,  however,  that  the amount of St. Lawrence county
 economic development power that may be used by the authority to generate
 net earnings shall not exceed the lesser  of  twenty  megawatts  or  the
 amount  of  St.  Lawrence county economic development power that has not
 been allocated by the authority under the  authority-TMED  contract  for
 sub-allocations[,  and  provided  further that beginning five years from
 the effective date of this subdivision, the amount of St. Lawrence coun-
 ty economic development power that may  be  used  by  the  authority  to
 generate  net  earnings  shall not exceed the lesser of ten megawatts or
 the amount of St. Lawrence county economic development  power  that  has
 not  been  allocated  by the authority under the authority-TMED contract
 for sub-allocations]. At least fifteen percent of net earnings paid into
 the fund shall be dedicated to eligible projects which are energy-relat-
 ed projects, programs and services as such term is defined  in  subpara-
 graph  two of paragraph (b) of subdivision seventeen of this section. In
 addition to funding eligible projects, the authority  may  use  northern
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD04422-01-1

 S. 4261                             2
 
 New  York economic development fund monies to cover reasonable costs and
 expenses of the authority related to the management  and  administration
 of  the  northern  New York power proceeds allocation program created by
 article seven-A of the economic development law.
   § 2. This act shall take effect immediately.

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The New York State Senate

senate Bill S4261

Sponsored By

Archive: Last Bill Status - Passed Senate

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Votes

May 18, 2022 - floor Vote

Floor Vote: May 18, 2022

May 10, 2022 - Energy and Telecommunications committee Vote

Energy and Telecommunications Committee Vote: May 10, 2022

Jun 3, 2021 - floor Vote

Floor Vote: Jun 3, 2021

Jun 1, 2021 - Rules committee Vote

Rules Committee Vote: Jun 1, 2021

Co-Sponsors

S4261 (ACTIVE) - Details

S4261 (ACTIVE) - Summary

S4261 (ACTIVE) - Sponsor Memo

S4261 (ACTIVE) - Bill Text download pdf

Comments

senate Bill S4261

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Sponsored By

Joseph A. Griffo

Archive: Last Bill Status - Passed Senate

Your Voice

Actions

Votes

May 18, 2022 - floor Vote

Floor Vote: May 18, 2022

May 10, 2022 - Energy and Telecommunications committee Vote

Energy and Telecommunications Committee Vote: May 10, 2022

Jun 3, 2021 - floor Vote

Floor Vote: Jun 3, 2021

Jun 1, 2021 - Rules committee Vote

Rules Committee Vote: Jun 1, 2021

Co-Sponsors

Patty Ritchie

Daniel G. Stec

S4261 (ACTIVE) - Details

S4261 (ACTIVE) - Summary

S4261 (ACTIVE) - Sponsor Memo

S4261 (ACTIVE) - Bill Text download pdf

Comments