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NY A06206

Bill

Official Source

Status

Introduced

3/10/2021

Primary Sponsor

Mark Walczyk

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends the Public Authorities Law to modify limits on St. Lawrence county economic development power that the New York Power Authority can use to generate net earnings
  • Reduces the power usage cap from 20 megawatts to 10 megawatts beginning five years after the subdivision's effective date
  • Maintains the existing requirement that at least 15 percent of net earnings deposited into the Northern New York Economic Development Fund be dedicated to energy-related projects, programs and services
  • Allows the Authority to use fund monies to cover reasonable costs and expenses related to management and administration of the Northern New York Power Proceeds Allocation Program
  • Takes effect immediately upon enactment

Legislative Description

Relates to the amount of St. Lawrence county economic development power that may be used by the New York Power Authority to generate net earnings.

Last Action

held for consideration in energy

5/11/2022

Committee Referrals

Energy3/10/2021

Full Bill Text

No bill text available