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NY S10157
Bill
Status
Introduced
5/1/2026
Primary Sponsor
Julia Salazar
Click for details
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