Senate Bill S1103

2023-2024 Legislative Session

Relates to creating the hospital and multiple dwelling energy loan fund

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Corporations, Authorities And Commissions 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

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2023-S1103 (ACTIVE) - Details

See Assembly Version of this Bill:
A1635
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-bb, amd §16-m, UDC Act
Versions Introduced in Other Legislative Sessions:
2015-2016: S6095, A9316
2017-2018: S3734, A1331
2019-2020: S749, A1706
2021-2022: S3515, A2095

2023-S1103 (ACTIVE) - Summary

Relates to creating the hospital and multiple dwelling energy loan program.

2023-S1103 (ACTIVE) - Sponsor Memo

2023-S1103 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1103
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 10, 2023
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 AN ACT to amend the New York state urban development corporation act, in
   relation  to  creating  the hospital and multiple dwelling energy loan
   fund

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. The legislature hereby finds and declares that the state's
 high energy costs are considered a significant burden on  hospitals  and
 multiple dwellings. Therefore, the legislature seeks to provide funds to
 reduce  high  energy  costs,  via  a  zero or low interest loan, or loan
 interest rate  reduction  program  for  energy  efficiency  projects  to
 provide  fiscal relief for hospitals and multiple dwellings in the state
 of New York.
   § 2. Section 1 of chapter 174 of the laws of  1968,  constituting  the
 New York state urban development corporation act, is amended by adding a
 new section 16-bb to read as follows:
   § 16-BB. HOSPITAL AND MULTIPLE DWELLING ENERGY LOAN PROGRAM. 1.  DEFI-
 NITIONS. FOR THE PURPOSE OF THIS SECTION:
   (A)  "AUTHORITY"  SHALL  MEAN  THE  NEW YORK STATE ENERGY RESEARCH AND
 DEVELOPMENT AUTHORITY AS DEFINED IN SECTION ONE THOUSAND  EIGHT  HUNDRED
 FIFTY-ONE OF THE PUBLIC AUTHORITIES LAW.
   (B)  "ECONOMICALLY DISTRESSED AREAS" SHALL MEAN AREAS AS DETERMINED BY
 THE CORPORATION,  MEETING  CRITERIA  INDICATIVE  OF  ECONOMIC  DISTRESS,
 INCLUDING CONSIDERATION OF UNEMPLOYMENT RATE; RATE OF EMPLOYMENT CHANGE;
 NUMBERS AND PERCENTAGES OF LOW-INCOME PERSONS; PER CAPITA INCOME AND PER
 CAPITA  REAL  PROPERTY  WEALTH; SUCH OTHER INDICATORS OF DISTRESS AS THE
 CORPORATION SHALL DETERMINE. ECONOMICALLY DISTRESSED AREAS  MAY  INCLUDE
 DESIGNATIONS  SUCH AS CITIES, MUNICIPALITIES, BLOCK NUMBERING AREAS, AND
 CENSUS TRACTS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01961-02-3
              

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