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Senate Bill S8541

2023-2024 Legislative Session

Enacts the "NY B.O.W. act"

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee

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2023-S8541 (ACTIVE) - Details

Current Committee:
Senate Energy And Telecommunications
Law Section:
Public Authorities Law
Laws Affected:
Amd §1854, Pub Auth L

2023-S8541 (ACTIVE) - Summary

Enacts the "NY B.O.W. act"; authorizes the New York state energy research and development authority to administer a program to provide funds related to enabling clean wind projects.

2023-S8541 (ACTIVE) - Sponsor Memo

2023-S8541 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8541
 
                             I N  S E N A T E
 
                             February 12, 2024
                                ___________
 
 Introduced  by  Sen.  PARKER -- 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 authorizing
   the New York state energy research and development authority to admin-
   ister a program to  provide  funds  related  to  enabling  clean  wind
   projects

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. This act shall be known and may be cited as the "NY  B.O.W.
 act".
   § 2. Section 1854 of the public authorities law is amended by adding a
 new subdivision 27 to read as follows:
   27.  (A)  TO  ADMINISTER  A  PROGRAM,  USING  FUNDS  PROVIDED FOR SUCH
 PURPOSE, TO PROVIDE GRANTS, LOANS OR OTHER SERVICES, BASED ON  STANDARDS
 AND  GUIDELINES  ESTABLISHED  BY THE AUTHORITY, FOR THE COSTS RELATED TO
 THE DEMONSTRATION OR SCALE UP OF THE PRODUCTION,  PROCESSING,  DELIVERY,
 STORAGE,  OR  END  USE  OF  CLEAN WIND ENERGY.   ELIGIBLE PROJECTS SHALL
 INCLUDE NINETY TO ONE HUNDRED PERCENT OF PARTS AND  BUILDING  PRODUCTION
 IN  THE  STATE.    PROJECTS  SHALL BE APPROVED BY THE AUTHORITY PRIOR TO
 COMPLETION IN ORDER TO RECEIVE THE FUNDS AUTHORIZED BY THIS SUBDIVISION.
 A PARTICIPATING ENTITY SHALL ONLY CONTINUE  TO  RECEIVE  FUNDING  IF  IT
 MEETS  THE  COMPLETION  AND  EFFECTIVENESS  AND  EFFICIENCY REQUIREMENTS
 ESTABLISHED BY THE AUTHORITY.
   (B) (I) NO LATER THAN DECEMBER THIRTY-FIRST, TWO THOUSAND TWENTY-FIVE,
 AND ANNUALLY THEREAFTER, EACH PARTICIPATING ENTITY SHALL REPORT  TO  THE
 AUTHORITY ON THE COMPLETION OF ITS CLEAN WIND PROJECT AND THE EFFICIENCY
 OF ITS SCALE UP.
   (II)  NO LATER THAN APRIL FIRST, TWO THOUSAND TWENTY-SIX, AND ANNUALLY
 THEREAFTER, THE AUTHORITY SHALL REPORT TO THE GOVERNOR AND THE  LEGISLA-
 TURE  ON  THE RESULTS OF SUCH PROGRAM INCLUDING THE INFORMATION PROVIDED
 TO THE AUTHORITY IN  SUBPARAGRAPH  (I)  OF  THIS  PARAGRAPH,  ANY  FUNDS
 DISBURSED,  PROJECTS  COMPLETED  AND THE EFFECTIVENESS AND EFFICIENCY OF
 SUCH PROJECTS.
   § 3. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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