Bill Text: NY A00918 | 2009-2010 | General Assembly | Introduced

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Bill Title: 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

Spectrum: Partisan Bill (Democrat 12-0)

Status: (Introduced - Dead) 2010-01-06 - referred to corporations, authorities and commissions [A00918 Detail]

Download: New_York-2009-A00918-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          918
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 7, 2009
                                      ___________
       Introduced by M. of A. DelMONTE, GREENE, FIELDS -- Multi-Sponsored by --
         M.  of  A. AUBRY, CAHILL, COOK, ENGLEBRIGHT, GOTTFRIED, JACOBS, ORTIZ,
         PHEFFER, PRETLOW -- read once and referred to the Committee on  Corpo-
         rations, Authorities and Commissions
       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
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 1002 of the public authorities law   is amended  by
    2  adding a new subdivision 3 to read as follows:
    3    3.  ON MARCH THIRTY-FIRST, TWO THOUSAND THIRTEEN AND EVERY YEAR THERE-
    4  AFTER  ON  SUCH  DATE,  THE  AUTHORITY SHALL FILE WITH THE GOVERNOR, THE
    5  COMPTROLLER, THE CHAIR OF THE ASSEMBLY WAYS AND MEANS COMMITTEE AND  THE
    6  CHAIR OF THE SENATE FINANCE COMMITTEE AN ANNUAL REPORT FOR THE PRECEDING
    7  CALENDAR  YEAR  THAT  SHALL CONFORM, IN EXACT LIKE MANNER, TO THE ANNUAL
    8  REPORT FILED BY ELECTRIC CORPORATIONS WITH THE PUBLIC SERVICE COMMISSION
    9  UNDER THE APPLICABLE PROVISIONS OF THE PUBLIC SERVICE LAW. IN SO  DOING,
   10  THE  AUTHORITY SHALL COMPLY WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED
   11  FOR ELECTRIC CORPORATIONS UNDER THE APPLICABLE PROVISIONS OF THE  PUBLIC
   12  SERVICE LAW.
   13    S 2. The fourth undesignated paragraph of section 1010-a of the public
   14  authorities law, as added by chapter 146 of the laws of 1951, is amended
   15  to read as follows:
   16    Subject  to  agreements  with  noteholders  and  bondholders  and  the
   17  approval of the comptroller, the authority shall prescribe a  system  of
   18  accounts.  THE  AUTHORITY  MAY  CONFORM  ITS  SYSTEM  OF ACCOUNTS TO THE
   19  ACCOUNTING SYSTEM REQUIRED FOR REPORTS FILED  PURSUANT  TO  SECTION  ONE
   20  THOUSAND TWO OF THIS TITLE.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00885-01-9
       A. 918                              2
    1    S 3. Section 2800 of the public authorities law is amended by adding a
    2  new subdivision 4 to read as follows:
    3    4.  THE  POWER  AUTHORITY  OF  THE  STATE  OF NEW YORK SHALL FILE SUCH
    4  REPORTS IN CONFORMANCE WITH, IN EXACT LIKE  MANNER,  THE  ANNUAL  REPORT
    5  REQUIRED  BY  THE  PUBLIC  SERVICE  COMMISSION FOR ELECTRIC CORPORATIONS
    6  UNDER THE APPLICABLE PROVISIONS OF THE  PUBLIC  SERVICE  LAW,  BEGINNING
    7  WITH  SUCH  REPORT  DUE  ON  THE THIRTY-FIRST DAY OF MARCH, TWO THOUSAND
    8  THIRTEEN.
    9    S 4.  This act shall take effect immediately.