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NY S02699
Bill
Status
Engrossed
5/22/2023
Primary Sponsor
Peter Harckham
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AI Summary
- Amends Education Law Section 3602 to extend the maximum term for energy performance contracts from 18 years to 25 years
- Allows school districts a longer period to guarantee recovery of contract costs through energy savings realized during the extended contract term
- Applies to energy performance contractors' obligations to recover costs from the school district's energy savings
- Takes effect immediately upon enactment
Legislative Description
Extends the time period from eighteen years to twenty-five years that a school shall be guaranteed recovery of energy performance contract costs from energy savings incurred by school districts over that time period.
Last Action
REPORTED AND COMMITTED TO FINANCE
1/23/2024
Committee Referrals
Finance1/23/2024
Education1/3/2024
Education5/22/2023
Finance3/21/2023
Education1/24/2023
Full Bill Text
No bill text available