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Sponsors
1 Co-sponsor
History
- Referred to energy
- Delivered to assembly
- Passed senateVote 39–22
- Ordered to third reading cal.1404
- 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.
Relates to green jobs-green New York on-bill financing
In Assembly Committee · Energy · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8388
Title of bill
An act to amend the public service law, the public authorities law, and the real property law, in relation to green jobs-green New York on-bill financing
Purpose or general idea of bill
To establish an on-bill financing program for the "Green Jobs/Green New York" program established in chapter 487 of the laws of 2009.
Summary of specific provisions
Section one provides definitions for the Green Jobs/Green New York on-bill financing program.
Section 3 amends the public service law to exempt the Green Jobs-Green New York on-bill financing charge from the utility assessments provided for by section 18-a of the public service law.
Section 5 amends the public service law to provide for the Green Jobs-Green New York on bill financing charge fund in the joint custody of the comptroller and the Commissioner of Taxation and Finance.
Section 6 amends the public authorities law to provide NYSERDA with some parameters for on-bill financing.
Section 7 amends the public authorities law to provide the Power Authority with authority to establish an on-bill financing system.
Section 8 amends the public authorities law to provide the Long Island Power Authority with authority to establish an on-bill financing system.
Section 9 amends the real property law to provide for disclosures concerning on-bill financing and green jobs-green New York retrofits.
Justification
By enacting a "Green Jobs/Green New York" program in 2009, the state authorized the performance of energy-efficient retrofits at no initial cost to residential property owners, with an ultimate goal of improving large numbers of residential units over the next five years, and demonstrating the effectiveness of innovative financing mechanisms in reaching this goal.
Installation of energy efficiency improvements to reduce the loss or waste of energy is a proven method of reducing a city, region or state's carbon footprint, and of lowering energy costs for households. weatherization has
similar effects and, more importantly, gives rise to large numbers of jobs and can serve as a gateway for green collar career paths.
The Green Jobs-Green New York (GJ-GNY) program will create green collar jobs and career paths in New York. It will also help the state to reduce its dependence on fossil fuels, lead to lower housing costs, and support community development. One of the key factors to the success of GJ-GNY is the method of financing the energy efficiency/weatherization improvements to the properties affected under the program. In order to attract the broadest possible variety of financing, and private sector involvement, the authorization of on-bill financing is a necessary piece of the program. This legislation further provides for authorization of on-bill financing, and provides parameters within which it will function.
Prior legislative history
None.
Fiscal implications for state and local governments
None.
Effective date
This act shall take effect immediately, with provisions.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.