Assembly Bill A6261

Signed By Governor
2021-2022 Legislative Session

Relates to recharge New York power for eligible small businesses and not-for-profit corporations

download bill text pdf

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Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A6261 (ACTIVE) - Details

See Senate Version of this Bill:
S5992
Law Section:
Economic Development Law
Laws Affected:
Amd §188-a, Ec Dev L

2021-A6261 (ACTIVE) - Summary

Relates to recharge New York power for eligible small businesses and not-for-profit corporations of an amount not to exceed one hundred fifty megawatts.

2021-A6261 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6261
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 12, 2021
                                ___________
 
 Introduced  by M. of A. STERN -- read once and referred to the Committee
   on Energy
 
 AN ACT to amend the economic development law, in  relation  to  recharge
   New York power for eligible small businesses and not-for-profit corpo-
   rations
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  Paragraph 4 of subdivision (c) of  section  188-a  of  the
 economic development law, as added by section 2 of part CC of chapter 60
 of the laws of 2011, is amended to read as follows:
   (4) The board may base its recommendation on which eligible applicants
 it determines best meet the applicable criteria; provided, however, that
 the  board  shall  dedicate  recharge  New York power as follows: (i) at
 least three hundred fifty megawatts for use at facilities located within
 the service territories of the utility corporations that, prior  to  the
 effective  date  of  this  section, purchased Niagara and Saint Lawrence
 hydroelectric power for the benefit of their domestic and rural  consum-
 ers;  (ii) at least two hundred megawatts for the purposes of attracting
 new business to the state, creating new business within  the  state,  or
 encouraging  the expansion of existing businesses within the state, that
 create new jobs or leverage new capital investment; and (iii) an  amount
 not  to exceed one hundred FIFTY megawatts for eligible small businesses
 and eligible not-for-profit corporations.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10449-01-1

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