Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 07, 2023 |
referred to energy delivered to assembly passed senate |
Jun 01, 2023 |
amended on third reading (t) 4876a |
May 17, 2023 |
advanced to third reading |
May 16, 2023 |
2nd report cal. |
May 15, 2023 |
1st report cal.876 |
Feb 16, 2023 |
referred to energy and telecommunications |
Senate Bill S4876A
2023-2024 Legislative Session
Sponsored By
(R, C, IP) 45th Senate District
Current Bill Status - In Assembly Committee
- 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
2023-S4876 - Details
2023-S4876 - Sponsor Memo
BILL NUMBER: S4876 SPONSOR: STEC 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-
2023-S4876 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4876 2023-2024 Regular Sessions I N S E N A T E February 16, 2023 ___________ Introduced by Sen. STEC -- 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. LBD07705-01-3
co-Sponsors
(R, C) 49th Senate District
2023-S4876A (ACTIVE) - Details
2023-S4876A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4876A SPONSOR: STEC 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; and to amend the economic development law, in relation to authority-TMED contracts 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 - Amends the Public Authorities Law to removes from statute the reduction to ten megawatts that is eligible for monetization for
2023-S4876A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4876--A Cal. No. 876 2023-2024 Regular Sessions I N S E N A T E February 16, 2023 ___________ Introduced by Sen. STEC -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading 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; and to amend the economic development law, in relation to authority-TMED contracts 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] OR DIRECTLY ALLOCATED BY THE AUTHORITY TO ONE OR MORE QUALIFIED APPLICANTS UNDER THE AUTHORITY-TMED CONTRACT. At least EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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