Bill Text: NY S03941 | 2015-2016 | General Assembly | Amended
Bill Title: Creates a commercial on-bill repayment program to permit financing of clean energy projects by commercial enterprises.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-02-22 - PRINT NUMBER 3941A [S03941 Detail]
Download: New_York-2015-S03941-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 3941--A 2015-2016 Regular Sessions IN SENATE February 23, 2015 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations -- recommitted to the Committee on Energy and Telecommuni- cations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the public authorities law, the public service law and the real property law, in relation to establishing the "Commercial on-bill repayment act of 2016" The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Legislative findings. The legislature finds and declares 2 that promoting widespread dissemination of energy conservation and clean 3 energy technologies represents a clear and cost-effective strategy for 4 building owners and occupants in New York state to curtail the emission 5 of greenhouse gases and harmful air contaminants, reducing the state's 6 contribution to climate change, reducing dependence on fossil fuels, and 7 creating green jobs to sustain and enhance our economy. However, lack of 8 affordable and accessible financing for many owners of commercial build- 9 ings has hindered progress in fully realizing the promise of these tech- 10 nologies. On-bill repayment facilitates the financing of clean energy 11 projects through the utility bill, which can allow for more affordable 12 financing terms than would be otherwise available due to the security of 13 utility bill payments. On-bill repayment will incentivize private inves- 14 tors to invest in clean energy improvements in New York, will stimulate 15 the state's economy by creating jobs for contractors and other persons 16 who complete new energy improvements, and will reinforce the leadership 17 role of the state in the new energy economy, thereby attracting clean 18 energy manufacturing facilities and related jobs to the state. On-bill 19 repayment expands access to clean energy upgrades without relying on 20 public funding. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04873-05-6
