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Sponsors
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History
- Substituted by A8387A
- Ordered to third reading cal.826
- Committee discharged and committed to rules
- Print number 5762a
- Amend and recommit 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 a sustainable energy loan program in the town of Bedford
Signed by Governor · Sponsor Adam Bradley
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act in relation to creating a sustainable energy loan program in the town of Bedford
Purpose
This legislation seeks to reduce energy costs and greenhouse gas emissions as well as make energy efficiency and renewable energy improvements more affordable to homeowners and businesses within the town of Bedford. Accordingly, it authorizes the town of Bedford to offer sustainable energy loans to help homeowners and businesses within the town finance the installation of distributed generation renewable energy sources (energy that is generated close to the point of use) and/or energy efficiency improvements.
Summary of specific provisions
Section 1 of the bill would establish that it is the intent of the town of Bedford to promote energy efficiency among its residents and businesses, including the promotion of energy efficiency improvements and the utilization of renewable energy sources in existing buildings within the town.
Section 2 of the legislation would establish definitions for "distributed generation," "renewable energy source" and "energy efficiency improvement". It would also authorize the town of Bedford to offer, in its discretion, sustainable energy loans to help its homeowners and businesses finance the installation of distributed generation renewable energy sources and/or energy efficiency improvements.
This section would further authorize the town to use monies made available for the program from federal grants to implement the sustainable energy loan program. he loans issued by the town under this program will be repaid by the borrower through an assessment levied by the town on the real property where the sustainable energy loan was applied. The total amount of each such loan provided by the town cannot exceed the actual cost of the equipment and the materials necessary for the installation of distributed generation renewable energy sources or the energy efficiency improvements.
Justification
The town of Bedford has embarked on an effort to reduce energy demand from existing buildings to allow the town to meet statewide energy efficiency goals. To assist residents and businesses within the town by making energy efficiency improvements more affordable, and to promote the installation and utilization of these improvements, it is necessary to create a program to help finance the cost of these energy efficiency improvements.
This bill seeks to achieve this goal.
Legislative history
This is a new bill.
Fiscal implications
None for State.
Effective date
This act would take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.