Bill Text: NY A08565 | 2023-2024 | General Assembly | Introduced
Bill Title: Directs regulation of closed-loop boreholes installed for the purpose of facilitating a geothermal heating or cooling system by December 31, 2024.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced) 2024-02-05 - substituted by s8060 [A08565 Detail]
Download: New_York-2023-A08565-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8565 IN ASSEMBLY January 9, 2024 ___________ Introduced by M. of A. GLICK -- read once and referred to the Committee on Environmental Conservation AN ACT to amend the environmental conservation law and a chapter of the laws of 2023 amending the environmental conservation law relating to exempting certain geothermal boreholes at depths beyond five hundred feet from certain requirements, as proposed in legislative bills numbers S. 6604 and A. 6949, in relation to regulation of certain closed-loop boreholes installed for the purpose of facilitating a geothermal heating or cooling system The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivisions 4 and 5 of section 1 of a chapter of the laws 2 of 2023 amending the environmental conservation law relating to exempt- 3 ing certain geothermal boreholes at depths beyond five hundred feet from 4 certain requirements, as proposed in legislative bills numbers S. 6604 5 and A. 6949, are amended to read as follows: 6 4. [Extension of the] Appropriate permitting rules [currently applied7to closed-loop geothermal systems less than five hundred feet deep to] 8 for closed-loop geothermal boreholes deeper than five hundred feet will 9 reduce the cost of meeting New York state's building decarbonization 10 requirements by nearly $9.9 billion by 2050; reduce the cost of meeting 11 the state's goal of electrifying one million homes by 2030 by approxi- 12 mately $900 million; and reduce the cost of electrifying 85% of the 13 state's building stock by approximately $9 billion between 2030 and 14 2050, in 2023 dollars. In nominal dollars, the total cost savings 15 increase to $16.3 billion by 2050. 16 5. [Extension of the] Appropriate permitting rules [currently applied17to closed-loop geothermal systems less than five hundred feet deep to18such] for facilitating closed-loop geothermal boreholes deeper than five 19 hundred feet will obviate unnecessary technical and permitting barriers, 20 open new markets to clean heating and cooling technologies in densely 21 populated regions, and enable drastically increased leverage of federal 22 funding to meet New York state's emissions reductions targets. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10951-03-4A. 8565 2 1 § 2. Section 23-0305 of the environmental conservation law is amended 2 by adding a new subdivision 15 to read as follows: 3 15. The department is authorized to regulate for the purposes of 4 protecting natural resources and the environment or public health and 5 safety, closed-loop boreholes deeper than five hundred feet below the 6 earth's surface installed for the purpose of facilitating a geothermal 7 heating or cooling system and no later than December thirty-first, two 8 thousand twenty-four shall promulgate regulations relating to such bore- 9 holes, and may update such regulations from time to time. When regulat- 10 ing such closed-loop boreholes, the department shall consider relevant 11 prevailing industry standards. 12 § 3. Section 23-1903 of the environmental conservation law is amended 13 by adding a new subdivision 3 to read as follows: 14 3. The department shall have the authority to establish reasonable 15 fees by rule for closed-loop boreholes deeper than five hundred feet 16 below the earth's surface pursuant to subdivision fifteen of section 17 23-0305 of this article to be credited to the oil and gas account estab- 18 lished under chapter fifty-eight of the laws of nineteen hundred eight- 19 y-two for the purposes of environmental protection or greenhouse gas 20 emission reduction. 21 § 4. This act shall take effect immediately, provided however section 22 one of this act shall take effect on the same date and in the same 23 manner as a chapter of the laws of 2023 amending the environmental 24 conservation law relating to exempting certain geothermal boreholes at 25 depths beyond five hundred feet from certain requirements, as proposed 26 in legislative bills numbers S. 6604 and A. 6949, takes effect.