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Assembly Bill A6577

2023-2024 Legislative Session

Extends the time period for recovery of energy performance contract costs incurred by school districts

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Archive: Last Bill Status - In Assembly Committee

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2023-A6577 (ACTIVE) - Details

See Senate Version of this Bill:
S2699
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Amd §3602, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: A7771, S5099
2021-2022: A3446, S6307
2025-2026: A6318, S1986

2023-A6577 (ACTIVE) - Summary

Extends the time period from eighteen years to twenty-five years that a school shall be guaranteed recovery of energy performance contract costs from energy savings incurred by school districts over that time period.

2023-A6577 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6577
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 19, 2023
                                ___________
 
 Introduced  by  M. of A. THIELE, CONRAD -- read once and referred to the
   Committee on Education
 
 AN ACT to amend the education law, in relation  to  extending  the  time
   period  for  guaranteed  recovery of energy performance contract costs
   from energy savings incurred by school districts

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subclause C of clause (i) of subparagraph 5 of paragraph i
 of subdivision 6 of section 3602 of the education  law,  as  amended  by
 section  1  of  part F of chapter 383 of the laws of 2001, is amended to
 read as follows:
   C. The energy  performance  contractor  shall  guarantee  recovery  of
 contract  costs  from  energy  savings  realized  by the school district
 during the term of the energy  performance  contract,  which  shall  not
 exceed [eighteen] TWENTY-FIVE years.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06929-01-3

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