STATE OF NEW YORK ________________________________________________________________________ 5250 2019-2020 Regular Sessions IN SENATE April 18, 2019 ___________ Introduced by Sen. ORTT -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT relating to funds of the power authority of the state of New York, and to repeal section 19 of part TTT of chapter 59 of the laws of 2019, relating to providing for the administration of certain funds and accounts related to the 2019-20 budget, relating thereto The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 19 of part TTT of chapter 59 of the laws of 2019, 2 relating to providing for the administration of certain funds and 3 accounts related to the 2019-20 budget, is REPEALED. 4 § 2. Within thirty days of the effective date of this act, the comp- 5 troller shall return any funds that were transferred pursuant to section 6 19 of part TTT of chapter 59 of the laws of 2019 to the power authority 7 of the state of New York. 8 § 3. Any future transfer of moneys from the power authority of the 9 state of New York to any other fund of the state including the general 10 fund shall be used for the purpose of economic development and/or energy 11 rate relief within counties that host renewable generation facilities 12 owned or operated by the power authority of the state of New York. 13 § 4. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11276-01-9