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NY A06162

Bill

Official Source

Status

Introduced

4/3/2023

Primary Sponsor

Pamela Hunter

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends the municipal sustainable energy loan program to restrict eligibility to commercial entities, not-for-profit organizations, and other non-individual entities
  • Removes eligibility for individual property owners to receive loans for renewable energy systems and energy efficiency improvements
  • Eliminates the 10 percent property value cap that previously applied to individual borrowers
  • Allows municipalities to impose maximum loan amount requirements based on factors including property value, projected savings, project cost, and existing indebtedness
  • Takes effect immediately upon enactment

Legislative Description

Limits the municipal sustainable energy loan program to commercial entities, not-for-profit organizations, or entities other than individuals.

Last Action

referred to energy

1/3/2024

Committee Referrals

Energy4/3/2023

Full Bill Text

No bill text available