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History
- 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 the expiration of the power for jobs program and the energy cost savings benefits program
Signed by Governor · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8437
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; 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
Purpose or general idea of bill
This legislation will extend the Power for Jobs and Energy Cost Savings Benefit Programs through May 15, 2011.
Summary of specific provisions
Extends the Power for Jobs and Energy Cost Savings Benefit Programs through May 15, 2010 and provides for expedited renewal of the benefits provided under these programs.
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. This temporary extension will provide the Legislature and the Executive with the opportunity to continue to collaborate on the development of an effective and efficient long term low cost power program for New York.
Prior legislative history
New bill
Fiscal implications for state and local governments
None. The costs would be paid for by the New York Power Authority.
Effective date
This legislation would be effective immediately upon being signed into law and shall be deemed to have been in full force and effect on and after June 2, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.