Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 15, 2016 |
held for consideration in ways and means |
Jan 06, 2016 |
referred to ways and means |
Feb 13, 2015 |
referred to ways and means |
Assembly Bill A5212
2015-2016 Legislative Session
Sponsored By
BLANKENBUSH
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Gary Finch
Clifford Crouch
Marc Butler
2015-A5212 (ACTIVE) - Details
2015-A5212 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5212 2015-2016 Regular Sessions I N A S S E M B L Y February 13, 2015 ___________ Introduced by M. of A. BLANKENBUSH, FINCH, CROUCH, BUTLER -- read once and referred to the Committee on Ways and Means AN ACT to amend the state finance law, in relation to a three phase power revolving loan program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The state finance law is amended by adding a new section 97-u to read as follows: S 97-U. THREE PHASE POWER REVOLVING LOAN PROGRAM. 1. THERE SHALL BE ESTABLISHED IN EACH OF THE FOLLOWING COUNTIES: JEFFERSON, OSWEGO AND ST. LAWRENCE; A REVOLVING LOAN FUND FOR THE PURPOSE OF PROVIDING FARMERS WITH LOW INTEREST LOANS TO UPGRADE THEIR ELECTRICITY TO THREE PHASE POWER. THE DURATION OF SUCH LOW INTEREST LOANS SHALL NOT EXCEED THIRTY YEARS. THE AMOUNT OF FUNDS AVAILABLE FOR THE THREE PHASE POWER REVOLVING LOAN PROGRAM IN EACH COUNTY SHALL BE SUBJECT TO A BUDGETARY APPROPRI- ATION. 2. THE INDUSTRIAL DEVELOPMENT AGENCY IN EACH OF THE THREE COUNTIES THAT ARE PART OF THE THREE PHASE POWER REVOLVING LOAN PROGRAM SHALL PROMULGATE RULES AND REGULATIONS FOR THE PURPOSE OF CARRYING OUT THE PROVISIONS OF THIS SECTION, INCLUDING ESTABLISHING: (A) AN APPLICATION PROCESS WHEREBY FARMERS MAY APPLY FOR LOANS; (B) CRITERIA AND STANDARDS FOR DETERMINING A FARMER'S ELIGIBILITY FOR A LOAN; (C) CRITERIA AND STANDARDS FOR DETERMINING THE PRIORITY TO BE GRANTED AMONG THE THREE PHASE POWER PROJECTS; (D) CRITERIA AND STANDARDS FOR DETERMINING THE AMOUNT OF FINANCIAL ASSISTANCE TO BE PROVIDED TO A FARMER FOR A THREE PHASE POWER PROJECT; AND (E) CRITERIA AND STANDARDS TO BE USED IN DETERMINING THE LOAN REPAY- MENT PERIODS AND THE TERMS OF ANY REPAYMENT AGREEMENTS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07665-02-5
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