NY A10321

Requires solar and wind electric generating system operators to post financial security (bond or other acceptable form) before receiving permits, ensuring funds are available for land reclamation when systems are decommissioned.

Security amount must be determined by the Public Service Commission or Office of Renewable Energy Siting based on estimated reclamation costs, and remains in effect until reclamation is completed and approved.

Permittees must replace cancelled financial security within 30 days or face immediate permit suspension; failure to complete required reclamation allows the state to attach the security and place liens on equipment and assets.

Political subdivisions, municipalities, federal agencies, and state agencies are exempt from the financial security requirements.

Takes effect 180 days after becoming law, with immediate authorization for agencies to develop implementing regulations.