Bill Text: NY A08286 | 2019-2020 | General Assembly | Introduced

Bill Title: Relates to false material statements related to a public utility.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2020-01-08 - referred to corporations, authorities and commissions [A08286 Detail]

Download: New_York-2019-A08286-Introduced.html

                STATE OF NEW YORK


                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                      June 12, 2019

        Introduced  by M. of A. GRIFFIN -- read once and referred to the Commit-
          tee on Corporations, Authorities and Commissions

        AN ACT to amend the public service law, in relation  to  false  material
          statements related to a public utility

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 25 of the public service law is amended by adding a
     2  new subdivision 4-a to read as follows:
     3    4-a. (a) Notwithstanding the provisions of subdivision one or  two  of
     4  this  section,  any public utility company or corporation, and the offi-
     5  cers, agents or employees thereof that knowingly makes a false  material
     6  statement, representation or certification to the commission in any rate
     7  proceeding  shall  forfeit  to the state of New York a sum not to exceed
     8  two hundred fifty  thousand  dollars.  Each  false  material  statement,
     9  representation or certification shall constitute a separate and distinct
    10  offense for purposes of this section.
    11    (b)  A public utility company or corporation, and the officers, agents
    12  or employees thereof that discover  that  a  false  material  statement,
    13  representation or certification was previously made to the commission in
    14  relation  to a rate proceeding shall disclose such false material state-
    15  ment, representation or certification to  the  commission  within  three
    16  business  days  of  discovery.  Failure  to  make  such disclosure shall
    17  constitute a knowing violation of this subdivision and shall cause  such
    18  public  utility  company  or  corporation  and  the  officers, agents or
    19  employees thereof to be liable for forfeiture pursuant to this  subdivi-
    20  sion.
    21    § 2. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.