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NY A10221

Bill

Status

Engrossed

6/4/2024

Primary Sponsor

Carrie Woerner

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Adds "energy services company" (ESCO) to the definition of utility services providers covered under New York's abandoned property law.

  • Expands the scope of unclaimed deposits and advance payments held by utilities to include deposits made to ESCOs for energy services furnished through utility transmission or distribution systems.

  • Requires ESCOs to publish annual notices of unclaimed property, report abandoned property to the state comptroller by September 10th, and maintain lists of entitled persons.

  • Applies existing abandoned property procedures to ESCOs, including the two-year period after service termination for deposits and advance payments to be deemed abandoned.

  • Takes effect immediately upon enactment.

Legislative Description

Includes energy services companies as utilities for purposes of unclaimed deposits and refunds.

Last Action

RECOMMITTED TO RULES

6/7/2024

Committee Referrals

Rules6/4/2024
Rules5/30/2024
Ways and Means5/14/2024

Full Bill Text

No bill text available