Bill Text: NY A09316 | 2015-2016 | General Assembly | Introduced
Bill Title: Relates to creating the hospital and multiple dwelling energy loan program.
Spectrum: Moderate Partisan Bill (Democrat 16-2)
Status: (Introduced - Dead) 2016-02-17 - referred to economic development [A09316 Detail]
Download: New_York-2015-A09316-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 9316 IN ASSEMBLY February 17, 2016 ___________ Introduced by M. of A. SIMON, CAHILL, COLTON, COOK, GOTTFRIED, MOSLEY, SKARTADOS, SOLAGES, BRABENEC -- Multi-Sponsored by -- M. of A. ABBATE, DAVILA, GLICK, LENTOL -- read once and referred to the Committee on Economic Development AN ACT to amend the New York state urban development corporation act, in relation to creating the hospital and multiple dwelling energy loan fund The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The legislature hereby finds and declares that the state's 2 high energy costs are considered a significant burden on hospitals and 3 multiple dwellings. Therefore, the legislature seeks to provide funds to 4 reduce high energy costs, via a zero or low interest loan, or loan 5 interest rate reduction program for energy efficiency projects to 6 provide fiscal relief for hospitals and multiple dwellings in the state 7 of New York. 8 § 2. Section 1 of chapter 174 of the laws of 1968, constituting the 9 New York state urban development corporation act, is amended by adding a 10 new section 16-x to read as follows: 11 § 16-x. Hospital and multiple dwelling energy loan program. 1. Defi- 12 nitions. For the purpose of this section: 13 (a) "Authority" shall mean the New York state energy research and 14 development authority as defined in section one thousand eight hundred 15 fifty-one of the public authorities law. 16 (b) "Economically distressed areas" shall mean areas as determined by 17 the corporation, meeting criteria indicative of economic distress, 18 including consideration of unemployment rate; rate of employment change; 19 numbers and percentages of low-income persons; per capita income and per 20 capita real property wealth; such other indicators of distress as the 21 corporation shall determine. Economically distressed areas may include 22 designations such as cities, municipalities, block numbering areas, and 23 census tracts. 24 (c) "Loan fund" shall mean the hospital and multiple dwelling energy 25 loan fund established pursuant to this section. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13308-01-5