Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 07, 2024 |
recommitted to rules substitution reconsidered |
Jun 04, 2024 |
3rd reading cal.1734 substituted for s9723 |
Jun 07, 2024 |
recommitted to rules substitution reconsidered |
Jun 04, 2024 |
substituted by a10221 ordered to third reading cal.1734 committee discharged and committed to rules |
May 22, 2024 |
referred to finance |
Senate Bill S9723
2023-2024 Legislative Session
Sponsored By
(D) 14th Senate District
Current Bill Status Via A10221 - In Senate Committee Rules 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
Actions
Votes
2023-S9723 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10221
- Current Committee:
- Senate Rules
- Law Section:
- Abandoned Property Law
- Laws Affected:
- Amd §§103, 400, 402 & 403, Ab Prop L
2023-S9723 (ACTIVE) - Sponsor Memo
BILL NUMBER: S9723 SPONSOR: COMRIE TITLE OF BILL: An act to amend the abandoned property law, in relation to unclaimed deposits and refunds for utility services furnished by energy services companies PURPOSE: To close a statutory loophole that allows ESCOs to retain unclaimed customer deposits or refunds, rather than remitting such unclaimed funds to the Abandoned Property Fund administered by the State comptroller. SUMMARY OF PROVISIONS: Abandoned Property Law § 103 is amended to add a definition for "energy services company" or "ESCO." The definition of "utility services" in Abandoned Property Law § 103(f) is amended to include gas and electric service provided by an ESCO. Abandoned Property Law Article 4 is amended to add ESCOs to the list of entities that are subject to Article 4 of
2023-S9723 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9723 I N S E N A T E May 22, 2024 ___________ Introduced by Sen. COMRIE -- (at request of the Department of Public Service) -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the abandoned property law, in relation to unclaimed deposits and refunds for utility services furnished by energy services companies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 103 of the abandoned property law is amended by adding a new subdivision (j) to read as follows: (J) "ENERGY SERVICES COMPANY" OR "ESCO" SHALL MEAN AN ENTITY ELIGIBLE TO SELL ENERGY SERVICES TO END-USE CUSTOMERS USING THE TRANSMISSION OR DISTRIBUTION SYSTEM OF A UTILITY. § 2. Subdivision (f) of section 103 of the abandoned property law, as amended by chapter 498 of the laws of 1944 and relettered by chapter 908 of the laws of 1974, is amended to read as follows: (f) "Utility services" means gas, electricity or steam supplied by a gas, electric, gas and electric or district steam corporation OR AN ENERGY SERVICES COMPANY, telephone, telegraph or other service furnished by a telephone, telegraph or telegraph and telephone corporation, water supplied by a waterworks corporation, or appliances, equipment, instal- lations, fixtures or appurtenances rented by any such corporation OR COMPANY. § 3. The opening paragraph of subdivision 1 of section 400 of the abandoned property law, as amended by chapter 498 of the laws of 1944, is amended to read as follows: The following unclaimed moneys held or owing by a gas corporation, an electric corporation, a gas and electric corporation, a district steam corporation, AN ENERGY SERVICES COMPANY, a telegraph corporation, a telephone corporation, a telegraph and telephone corporation, or a waterworks corporation, shall be deemed abandoned property: § 4. Paragraphs (a) and (b) of subdivision 1 of section 400 of the abandoned property law, as amended by chapter 78 of the laws of 1976, are amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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