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History
- Substituted by A9039
- Ordered to third reading cal.717
- 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.
Extends provisions of law relating to low cost power to foster statewide economic development
Signed by Governor · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the economic development law, chapter 316 of the laws of 1997 amending the public authorities law and other laws relating to the provision of low cost power to foster statewide economic development, the tax law and chapter 645 of the laws of 2006 amending the economic development law and other laws relating to reauthorizing the New York power authority to make contributions to the general fund, in relation to extending the expiration of the power for jobs program and the energy cost savings benefits program; to amend the public authorities law, in relation to authorizing an additional voluntary contribution into the state treasury under the power for jobs program; and to amend the public authorities law, in relation to an energy audit program
Purpose
This legislation will extend the Power for Jobs and Energy Cost Savings Benefit Programs through May 15,2010 and require reports on the performance of the programs and energy audits to develop the basis for a long-term low cost power program.
Summary of provisions
Extends the Power for Jobs and Energy Cost Savings Benefit Programs for 10 1/2 months through May 15, 2019;
Requires that the Power Authority in coordination with the Department of Economic Development provide reports, by December 30, 2009, detailing the information necessary to assess the existing low cost power programs and the resources available going forward along with a review of the performance of all program participants to date;
Requires that a representative sample of the recipients of the Authority's low cost power programs undergo a comprehensive energy audit;
Requires the Power Authority to issue progress report on the energy audits completed to date by February 28,2010.
Existing law
Power for Jobs and Energy Cost Savings Benefit Programs expire on June 30, 2009.
Justification
This legislation extends the Power for Jobs and Energy Cost Savings Benefit Programs through May 15, 2010, giving the businesses participating in these programs the assurance that their benefits will continue through next year. The required energy audits and reports on program performance will provide the Legislature with the information necessary to assess the existing programs and develop an effective and efficient long-term low cost power program for New York.
Legislative history
New bill.
Fiscal implications
None. The costs would be paid for by a combination of revenues raised from the sale of low cost hydroelectric power and funds of PASNY.
Local fiscal implications
None.
Effective date
This legislation would be effective immediately upon being signed into law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.