Senate Bill S5992

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

Sponsored By

Archive: Last Bill Status Via A6261 - 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-S5992 (ACTIVE) - Details

See Assembly Version of this Bill:
A6261
Law Section:
Economic Development Law
Laws Affected:
Amd §188-a, Ec Dev L

2021-S5992 (ACTIVE) - Summary

Relates to recharge New York power for eligible small businesses and not-for-profit corporations by dedicating up to 150 megawatts for such businesses.

2021-S5992 (ACTIVE) - Sponsor Memo

2021-S5992 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5992
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 25, 2021
                                ___________
 
 Introduced  by  Sen.  RYAN  --  read twice and ordered printed, and when
   printed to be committed to the Committee on  Energy  and  Telecommuni-
   cations
 
 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.
                                                            LBD10383-01-1

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