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NY A11276

Bill

Official Source

Status

Introduced

7/25/2018

Primary Sponsor

Charles Lavine

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Amends Public Authorities Law Section 1020-f to add requirements for the Long Island Power Authority regarding tax certiorari proceedings
  • Requires any property tax savings or reductions obtained by the Authority through successful tax challenges or settlement agreements on electric generating facilities must be used solely to reduce ratepayer rates
  • Applies to tax savings achieved either through winning a certiorari challenge against a municipality or through negotiated settlement agreements
  • Takes effect immediately upon enactment

Legislative Description

Relates to tax certiorari proceedings by the Long Island power authority.

Last Action

referred to corporations, authorities and commissions

7/25/2018

Committee Referrals

Corporations, Authorities and Commissions7/25/2018

Full Bill Text

No bill text available