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History
- Referred to energy and telecommunications
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1075
- Referred to energy and telecommunications
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.
Prescribes uniform system of accounts for power authority of state of New York
In Senate Committee · Energy And Telecommunications · Sponsor Dennis H. Gabryszak
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5549
Title of bill
An act to amend the public authorities law, in relation to prescribing a uniform system of accounts for the power authority of the state of New York
Purpose or general idea of bill
To require PASNY to conform their annual report and books of account with the ones submitted by electric and gas corporations to the PSC.
Summary of specific provisions
Requires PASNY to file an annual report with the Governor, the Comptroller and the fiscal committees Of the Legislature, in exact likeness to the annual report which electric and gas corporations submit to the Public Service Commission. Requires PASNY to conform their books of account with the Uniform System of Accounts of the PSC.
Effects of present law which this bill would alter
Amends Sections 1002 of the Public Authorities Law.
Justification
The report the: PASNY presently files with the Governor, the Comptroller and the fiscal committees of the Legislature is comparable to the annual reports that corporations send to their stockholders. These reports tend to be more flash than fact. The uniform system of accounts and the annual report, which this bill asks PASFY to submit to the Governor, the comptroller and the fiscal committees of the Legislature, is a thorough disaggregation of a utility's financial condition with respect to all sales, personnel, plant and equipment. Such a report could shed much more light on the Authority's operations than does the annual report which t:riey are now required to submit.
Prior legislative history
A.918 of 2009-2010: Referred to Corporations A.3293 of 2007-2008; Referred to Corporations A.2713 of 2005-2006; A.2175 of 2004-2005; Referred to Corporations A.2176 of 2001-2002; A.6800 of 1999-2000; A.4765 of 1997-1998; Referred to Corporations A.4038 of 1995-1996; Passed Assembly in 1995
Fiscal implications for state and local governments
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.