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
- Referred to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
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 applications for the approval and construction of energy-related projects
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor James F. Brennan
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4119
Title of bill
An act to amend the public authorities law, in relation to applications for the approval and construction of energy-related projects
Purpose or general idea of bill
This bill would add the Power Authority of the State of New York to the list of authorities which must submit projects and undertakings for approval by the Public Authorities Control Board, and would ensure that projects of this and other authorities that involve energy generation or transmission can be examined for consistency with the State Energy Plan and other environmental and energy-related policies.
Summary of provisions
Bill § 1 amends § 51 of the Public Authorities Law to add the Power Authority of the State of New York to the 14 other public benefit corporations that must submit proposed projects to the Public Authorities Control Board (PACE) for its review and approval. This section is also amended to provide that, when reviewing a proposal from the Power Authority or the other two authorities already subject to PACE oversight that engage in projects involving energy generation and transmission (the Long Island Power Authority and the North Country Power Authority), the PACE may consider the consistency of such a Project with the current state energy plan and other state environmental and energy-related policies.
Bill § 2 adds a new Public Authorities Law § 1005-b to provide that the Power Authority shall not make any commitment, enter into any agreement nor incur any indebtedness unless prior approval has been received from the RACE,
Effects of present law which this bill would alter
Although similar authorities such as LIPA and the North Country Power Authority are subject to PACE oversight, the Power Authority to date has not been subject to this important fiscal safeguard.
Justification
The PACE provides independent oversight of the proposed actions of public authorities to ensure that they are financially feasible and prudent. Recent events have indicated that there may be substantial public benefit to extending this oversight to projects of the Power Authority. In addition, the reviews of projects involving energy generation or transmission would be enhanced by giving the PACE the opportunity to ensure that they are consistent with the current State Energy Plan and with other applicable environmental and. energy-related policies.
Prior legislative history
A7644 of 2011-12 - In Corporations
Fiscal implications for state and local governments
Review of the Power Authority's projects will protect the interests of New York taxpayers.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.