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Assembly Bill A10004

2023-2024 Legislative Session

Relates to letters of credit for siting permits under the major renewable energy development program

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Archive: Last Bill Status - In Assembly Committee

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2023-A10004 (ACTIVE) - Details

Current Committee:
Assembly Energy
Law Section:
Executive Law
Laws Affected:
Amd §94-c, Exec L
Versions Introduced in 2025-2026 Legislative Session:
A7783

2023-A10004 (ACTIVE) - Summary

Directs the office of renewable energy siting to develop a procedure to process letters of credit for siting permits under the major renewable energy development program.

2023-A10004 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10004
 
                           I N  A S S E M B L Y
 
                                May 1, 2024
                                ___________
 
 Introduced  by M. of A. STERN -- read once and referred to the Committee
   on Energy
 
 AN ACT to amend the executive law, in relation to requiring  the  office
   of  renewable  energy  siting  to  develop  a procedure to process any
   financial security or letter of credit required by the office
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (g) of subdivision 3 of section 94-c of the exec-
 utive  law,  as added by section 4 of part JJJ of chapter 58 of the laws
 of 2020, is amended to read as follows:
   (g) The office shall within one year of the  effective  date  of  this
 section  promulgate  rules and regulations with respect to all necessary
 requirements to implement the siting permit program established in  this
 section and promulgate modifications to such rules and regulations as it
 deems  necessary;  provided that the office shall promulgate regulations
 requiring the service of applications  on  affected  municipalities  and
 political subdivisions simultaneously with submission of the application
 to  the  office.  THE  OFFICE  SHALL  DEVELOP A PROCEDURE TO PROCESS ANY
 FINANCIAL SECURITY OR LETTER OF CREDIT THAT IS REQUIRED BY  THE  OFFICE.
 SUCH  PROCEDURE  SHALL  BE AVAILABLE TO ANY MUNICIPALITY THAT DECIDES TO
 HAVE THE OFFICE PROCESS AND MAINTAIN ANY REQUIRED FINANCIAL SECURITY  OR
 LETTER OF CREDIT IN THEIR PERMITTING PROCESS.
   §  2.  This act shall take effect immediately; provided, however, that
 the amendments to section 94-c of the executive law, made by section one
 of this act, shall not affect the repeal of such section  and  shall  be
 deemed repealed therewith.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15235-01-4

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