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History
- Referred to local government
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Creates the sustainable energy loan program to assist homeowners in the installation of distributed generation renewable energy sources or energy efficiency improvements
In Assembly Committee · Energy · Sponsor Andrew Hevesi
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the general municipal law, in relation to the creation of the sustainable energy loan program to assist homeowners in the installation of distributed generation renewable energy sources or energy efficiency improvements
Purpose
To create a sustainable energy loan program to incentivize the installation of distributed generation systems.
Summary of provisions
This legislation amends the general municipal law by adding a new article, 17-A.
Justification
In his annual State of the State address, Governor Paterson outlined his aggressive plan to meet 45% of New York State's electricity needs through clean renewable energy and improved energy efficiency by 2015. Incentivizing distributed energy positions the state to move toward achieving this bold and crucial goal. Many of the available renewable energy technologies are costly endeavors that property owners of the state cannot afford to make. This legislation will lower energy costs, reduce greenhouse emissions and make energy efficiency improvements more affordable by offering a sustainable energy loan program to assist homeowners in the installation of distributed generation renewable energy sources or energy efficiency improvements through loans offered by the municipality to be repaid over a period of time through an annual tax on the property.
Legislative history
This is a new bill.
Fiscal implications
To be determined.
Effective date
This act shall take effect on the first of January next succeeding the date on which it shall have become a law. Provided, however, that effective immediately the addition, amendment and/or repeal of any rule or regulation necessary for the implementation of this act on its effective date are authorized and directed to be made and completed on or before such effective date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.