Bill Text: NY S05736 | 2011-2012 | General Assembly | Introduced
Bill Title: Reduces the total amount that a utility can be assessed from one percent to one-third of one percent.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Engrossed - Dead) 2012-06-05 - REPORTED AND COMMITTED TO FINANCE [S05736 Detail]
Download: New_York-2011-S05736-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
5736
2011-2012 Regular Sessions
I N S E N A T E
June 14, 2011
___________
Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and
when printed to be committed to the Committee on Rules
AN ACT to amend the public service law, in relation to reducing the
amount a utility can be assessed
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Paragraph (g) of subdivision 2 of section 18-a of the
2 public service law, as amended by section 2 of part NN of chapter 59 of
3 the laws of 2009, is amended to read as follows:
4 (g) The total amount which may be charged to any public utility compa-
5 ny under authority of this subdivision for any state fiscal year shall
6 not exceed ONE-THIRD OF one per centum of such public utility company's
7 gross operating revenues derived from intrastate utility operations in
8 the last preceding calendar year, or other twelve month period as deter-
9 mined by the chairman; provided, however, that no corporation or person
10 that is subject to the jurisdiction of the commission only with respect
11 to safety, or the power authority of the state of New York, shall be
12 subject to the general assessment provided for under this subdivision.
13 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13077-01-1
