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NY S10157

Bill

Status

Introduced

5/1/2026

Primary Sponsor

Julia Salazar

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Origin

Senate

2025-2026 General Assembly

AI Summary

Legislative Description

Enacts the "utility fair acquisition act", providing that in any acquisition by a municipal corporation or a public benefit corporation created pursuant to article 5 of the public authorities law of infrastructure operated by a public utility company or private energy provider, the appraised value shall be reduced by the value of infrastructure that was financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms as determined by the public service commission.

Last Action

REFERRED TO LOCAL GOVERNMENT

5/1/2026

Committee Referrals

Local Government5/1/2026

Full Bill Text

No bill text available