Senate Bill S2699

2023-2024 Legislative Session

Extends the time period for recovery of energy performance contract costs incurred by school districts

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance Committee

  • 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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2023-S2699 (ACTIVE) - Details

See Assembly Version of this Bill:
A6577
Current Committee:
Senate Finance
Law Section:
Education Law
Laws Affected:
Amd §3602, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: S5099, A7771
2021-2022: S6307, A3446

2023-S2699 (ACTIVE) - Summary

Extends the time period from eighteen years to twenty-five years that a school shall be guaranteed recovery of energy performance contract costs from energy savings incurred by school districts over that time period.

2023-S2699 (ACTIVE) - Sponsor Memo

2023-S2699 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2699
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 24, 2023
                                ___________
 
 Introduced by Sens. HARCKHAM, MAY -- read twice and ordered printed, and
   when printed to be committed to the Committee on Education
 
 AN  ACT  to  amend  the education law, in relation to extending the time
   period for guaranteed recovery of energy  performance  contract  costs
   from energy savings incurred by school districts

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subclause C of clause (i) of subparagraph 5 of paragraph  i
 of  subdivision  6  of  section 3602 of the education law, as amended by
 section 1 of part F of chapter 383 of the laws of 2001,  is  amended  to
 read as follows:
   C.  The  energy  performance  contractor  shall  guarantee recovery of
 contract costs from energy  savings  realized  by  the  school  district
 during  the  term  of  the  energy performance contract, which shall not
 exceed [eighteen] TWENTY-FIVE years.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06929-01-3

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