What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Substituted by A8890
- Ordered to third reading cal.835
- Print number 5867a
- Amend and recommit to rules
- Referred to rules
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.
Establishes the Binghamton sustainable energy loan program
Signed by Governor · Sponsor Donna Lupardo
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 city of Binghamton
Purpose or general idea of bill
The bill would authorize the City of Binghamton to establish a sustainable energy loan program to assist homeowners and businesses within the city of Binghamton in the installation of energy efficiency improvements.
Summary of specific provisions
Section one of the bill sets forth the legislative intent of the City of Binghamton to facilitate efforts of its residents and businesses to utilize energy more efficiently and utilize renewable energy sources to reduce carbon emissions and improve the environment.
Section two of the bill establishes the City of Binghamton Sustainable Energy Loan Program and authorized the City of Binghamton to use federal grants to implement the program.
This section also provides that the borrower repay the city through an assessment on the real property where the sustainable energy loan was applied and that the assessment be included annually within the real property tax bill until repaid in full.
Justification
This legislation will help lower energy costs, reduce greenhouse gas emissions and make energy audits and energy efficiency improvements more affordable by offering a sustainable energy loan program to assist property owners within the city of Binghamton in the installation of energy efficiency improvements.
Prior legislative history
2009: New
Fiscal implications for state and local governments
Federal funds will be used to capitalize the loan fund. The aggregate amount of each sustainable energy loan provided by the city of Binghamton shall not exceed the actual cost of performing the energy audit, of installing energy efficiency improvements, including the costs of necessary equipment and materials and installation costs, and of reasonable administrative costs.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.