Bill Text: NY S06963 | 2013-2014 | General Assembly | Introduced

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Bill Title: Relates to the use of monies from certain funds or accounts, specifically the power authority in connection with any energy projects, energy or energy-related fees or surcharges authorized by the public service commission.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2014-06-16 - referred to corporations, authorities and commissions [S06963 Detail]

Download: New_York-2013-S06963-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6963
                                   I N  S E N A T E
                                     April 9, 2014
                                      ___________
       Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
         printed to be committed to the Committee on  Energy  and  Telecommuni-
         cations
       AN  ACT  to  amend the public authorities law, in relation to the use of
         monies from certain funds or accounts
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  The  public  authorities  law  is amended by adding a new
    2  section 1018 to read as follows:
    3    S 1018. USE AND TRANSFER OF FUNDS. NOTWITHSTANDING ANY OTHER PROVISION
    4  OF LAW, AS DEEMED FEASIBLE AND ADVISABLE BY ITS TRUSTEES,  ANY  AND  ALL
    5  FUNDS  OF  THE  AUTHORITY  SHALL  BE USED EXCLUSIVELY FOR THE PURPOSE OF
    6  EFFECTUATING THE POLICY DECLARED IN SECTION ONE  THOUSAND  ONE  OF  THIS
    7  TITLE  AND SHALL, IN NO CIRCUMSTANCES, BE TRANSFERRED OR OTHERWISE GIVEN
    8  TO THE STATE OF NEW YORK UNLESS SUCH FUNDS ARE USED DIRECTLY FOR  ENERGY
    9  PROJECTS.  FOR  THE PURPOSES OF THIS SECTION, THE TERM "ENERGY PROJECTS"
   10  SHALL MEAN INFRASTRUCTURE IMPROVEMENTS AT AN ELECTRIC GENERATING FACILI-
   11  TY, ACQUISITION OR INSTALLATION OF NEW EQUIPMENT AT AN ELECTRIC GENERAT-
   12  ING FACILITY, REPLACEMENT OR RETROFIT OF BURNERS OR TURBINES,  INSTALLA-
   13  TION OR ACQUISITION OF ON-SITE RENEWABLE ENERGY GENERATION, INSTALLATION
   14  OR UPGRADE OF TRANSMISSION LINES, REPLACEMENT OR REINFORCEMENT OF TRANS-
   15  MISSION  INFRASTRUCTURE, PUBLIC POLICY REPOWERING PROJECTS, ENERGY EFFI-
   16  CIENCY PROJECTS, CLEAN ENERGY TECHNOLOGY PROJECTS, AND ANY  PROGRAMS  TO
   17  FINANCE ANY SUCH PROJECTS.
   18    S  2.  The  public  authorities law is amended by adding a new section
   19  1884 to read as follows:
   20    S 1884. USE AND TRANSFER OF FUNDS. NOTWITHSTANDING ANY OTHER PROVISION
   21  OF LAW, ANY FUNDS COLLECTED BY THE  AUTHORITY  IN  CONNECTION  WITH  ANY
   22  ENERGY  OR  ENERGY-RELATED  FEE  OR  SURCHARGE  AUTHORIZED BY THE PUBLIC
   23  SERVICE COMMISSION SHALL BE  DEDICATED  AND  USED  EXCLUSIVELY  FOR  THE
   24  PURPOSES  SPECIFIED  BY  THE  PUBLIC  SERVICE COMMISSION FOR SUCH FEE OR
   25  SURCHARGE. IN THE EVENT THAT COLLECTIONS BY THE AUTHORITY IN A  CALENDAR
   26  YEAR EXCEED THE COST OF PROGRAMS AND SERVICES OFFERED IN CONNECTION WITH
   27  SUCH  FEES  OR  SURCHARGES  DURING  SUCH CALENDAR YEAR, THEN SUCH EXCESS
   28  COLLECTIONS SHALL BE RETURNED TO RATEPAYERS  PURSUANT  TO  A  PROCEEDING
   29  ESTABLISHED BY THE PUBLIC SERVICE COMMISSION.
   30    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14584-01-4