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NY S08461

Bill

Official Source

Status

Introduced

7/18/2025

Primary Sponsor

Thomas O'Mara

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Amends State Finance Law section 99-qq regarding the New York climate action fund climate investment account

  • Requires that any uncommitted funds remaining in the climate investment account at the end of each fiscal year be credited back to ratepayer accounts

  • Applies specifically to funds that were collected from utility customers on a "bill-as-you-go" basis under the clean energy fund framework ordered by the Public Service Commission

  • Takes effect immediately upon passage

Legislative Description

Allows surplus or uncommitted funds in the New York state climate investment account to be returned to ratepayers.

Last Action

PRINT NUMBER 8461A

2/6/2026

Committee Referrals

Finance1/7/2026
Rules7/18/2025

Full Bill Text

No bill text available