NY State Senate Bill 2015-S2304A

Archive: Last Bill Status - In Senate Committee Finance 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

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2016	referred to finance
Mar 24, 2015	print number 2304a
Mar 24, 2015	amend and recommit to finance
Jan 22, 2015	referred to finance

Bill Amendments

Original

A (Active)

2015-S2304 - Details

Current Committee:: Senate Finance
Law Section:: State Finance Law
Laws Affected:: Add §97-u, St Fin L
Versions Introduced in Other Legislative Sessions:: 2013-2014: S5468
2017-2018: S746

2015-S2304 - Summary

Relates to a three phase power revolving loan program.

2015-S2304 - Sponsor Memo

                                BILL NUMBER:S2304

TITLE OF BILL:

An act to amend the state finance law, in relation to a three phase
power revolving loan program

PURPOSE:

This bill establishes a revolving loan program to provide farmers in
Jefferson, Oswego and St. Lawrence Counties with low interest loans so
that they can upgrade their electricity to three phase power.

SUMMARY OF PROVISIONS:

Section 1 adds a new section 97-u to the State Finance Law. 97-u
establishes a Three Phase Power Revolving Loan Program in the counties
of Jefferson, Oswego, and Saint Lawrence to provide farmers with low
interest loans so that they can upgrade their electricity to three
phase power. The amount of funds available for the program in each
county shall be subject to a budgetary appropriation. This section
also provides that the Industrial Development Agency in each of the
counties that are part of the program shall promulgate the rules and
regulations necessary to carry out the provisions of this section.
Lastly, the loans must be within the amount available in each county's
three phase power revolving loan program.

Section 2 provides the effective date.

JUSTIFICATION:

As technology continues to change and advance, so too does the need
for steady and reliable electricity to support the changes and
advances in technology. The farm is no exception. New and modem farm
equipment requires steady and reliable electricity. The current form
of electricity, single phase power, is no longer strong enough or
reliable enough to support new and modem farm equipment. To remain
competitive and be able to grow, farms are being faced with the need
to upgrade the type of electricity that comes into their farm to three
phase power. Three phase power provides three alternating currents
that reach their instantaneous peak value at one third of a cycle from
each other.

Upgrading to three phase power is expensive. It requires the
installation of new lines and equipment that bring the three phase
power from its current closest location to the farm. Farmers need
financial assistance to help cover the cost of this necessary upgrade.
This bill does that by creating the Three Phase Power Revolving Loan
Program which will provide farmers in Jefferson, Oswego, and Saint
Lawrence Counties with low interest loans to help cover the cost of
bringing three phase power to their farm.

LEGISLATIVE HISTORY:

2013-2014: S.5468/A.7985

FISCAL IMPLICATIONS:


Subject to budgetary appropriation.

EFFECTIVE DATE:

This act shall take effect on the one hundred eightieth day after it
shall have become a law. Effective immediately, any rules and
regulations necessary to implement the provisions of this act on its
effective date are authorized to be promulgated on or before such
date.

2015-S2304 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2304

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 22, 2015
                               ___________

Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

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.
                                                           LBD07665-01-5

S. 2304                             2

  3. THE COUNTY INDUSTRIAL DEVELOPMENT AGENCY SHALL PROVIDE LOW INTEREST
LOANS TO FARMERS WITHIN THE AMOUNTS  AVAILABLE  IN  THE  COUNTY'S  THREE
PHASE POWER REVOLVING LOAN FUND ESTABLISHED PURSUANT TO THIS SECTION.
  S 2. This act shall take effect on the one hundred eightieth day after
it  shall  have become a law. Effective immediately, any rules and regu-
lations necessary to implement the provisions of this act on its  effec-
tive date are authorized to be promulgated on or before such date.

co-Sponsors

2015-S2304A (ACTIVE) - Details

Current Committee:: Senate Finance
Law Section:: State Finance Law
Laws Affected:: Add §97-u, St Fin L
Versions Introduced in Other Legislative Sessions:: 2013-2014: S5468
2017-2018: S746

2015-S2304A (ACTIVE) - Summary

Relates to a three phase power revolving loan program.

2015-S2304A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S2304A

 TITLE OF BILL :

An act to amend the state finance law, in relation to a three phase
power revolving loan program

 PURPOSE :

This bill establishes a revolving loan program to provide farmers in
Jefferson, Montgomery, Oswego, and St. Lawrence, Counties with low
interest loans so that they can upgrade their electricity to three
phase power.

 SUMMARY OF PROVISIONS :

Section 1 adds a new section 97-u to the State Finance Law. 97-u
establishes a Three Phase Power Revolving Loan Program in the counties
of Jefferson, Montgomery, Oswego, and Saint Lawrence, and to provide
farmers with low interest loans so that they can upgrade their
electricity to three phase power. The amount of funds available for
the program in each county shall be subject to a budgetary
appropriation. This section also provides that the Industrial
Development Agency in each of the counties that are part of the
program shall promulgate the rules and regulations necessary to carry
out the provisions of this section. Lastly, the loans must be within

the amount available in each county's three phase power revolving loan
program.

Section 2 provides the effective date.

 JUSTIFICATION :

As technology continues to change and advance, so too does the need
for steady and reliable electricity to support the changes and
advances in technology. The farm is no exception. New and modern farm
equipment requires steady and reliable electricity. The current form
of electricity, single phase power, is no longer strong enough or
reliable enough to support new and modern farm equipment.  To remain
competitive and be able to grow, farms are being faced with the need
to upgrade the type of electricity that comes into their farm to three
phase power. Three phase power provides three alternating currents
that reach their instantaneous peak value at one third of a cycle from
each other.

Upgrading to three phase power is expensive. It requires the
installation of new lines and equipment that bring the three phase
power from its current closest location to the farm. Farmers need
financial assistance to help cover the cost of this necessary upgrade.
This bill does that by creating the Three Phase Power Revolving Loan
Program which will provide farmers in Jefferson, Montgomery, Oswego,
and Saint Lawrence Counties with low interest loans to help cover the
cost of bringing three phase power to their farm.

 LEGISLATIVE HISTORY :

2013-2014: S.5468/A.7985

 FISCAL IMPLICATIONS :

Subject to budgetary appropriation.

 EFFECTIVE DATE :
This act shall take effect on the one hundred eightieth day after it
shall have become a law. Effective immediately, any rules and
regulations necessary to implement the provisions of this act on its
effective date are authorized to be promulgated on or before such
date.

2015-S2304A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 2304--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 22, 2015
                               ___________

Introduced  by Sens. RITCHIE, AMEDORE -- read twice and ordered printed,
  and when printed to be  committed  to  the  Committee  on  Finance  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

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,  MONTGOMERY,
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 BUDG-
ETARY APPROPRIATION.
  2. THE INDUSTRIAL DEVELOPMENT AGENCY IN EACH OF THE FOUR COUNTIES THAT
ARE PART OF THE THREE PHASE POWER REVOLVING LOAN PROGRAM  SHALL  PROMUL-
GATE  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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07665-03-5

S. 2304--A                          2

  (E) CRITERIA AND STANDARDS TO BE USED IN DETERMINING THE  LOAN  REPAY-
MENT PERIODS AND THE TERMS OF ANY REPAYMENT AGREEMENTS.
  3. THE COUNTY INDUSTRIAL DEVELOPMENT AGENCY SHALL PROVIDE LOW INTEREST
LOANS  TO  FARMERS  WITHIN  THE  AMOUNTS AVAILABLE IN THE COUNTY'S THREE
PHASE POWER REVOLVING LOAN FUND ESTABLISHED PURSUANT TO THIS SECTION.
  S 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law. Effective immediately, any rules  and  regu-
lations  necessary to implement the provisions of this act on its effec-
tive date are authorized to be promulgated on or before such date.

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Senate Bill S2304A

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee

Bill Amendments

2015-S2304 - Details

2015-S2304 - Summary

2015-S2304 - Sponsor Memo

2015-S2304 - Bill Text download pdf

co-Sponsors

2015-S2304A (ACTIVE) - Details

2015-S2304A (ACTIVE) - Summary

2015-S2304A (ACTIVE) - Sponsor Memo

2015-S2304A (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S2304A

Share this bill

Sponsored By

Patty Ritchie

Archive: Last Bill Status - In Senate Committee Finance Committee

Bill Amendments

2015-S2304 - Details

2015-S2304 - Summary

2015-S2304 - Sponsor Memo

2015-S2304 - Bill Text download pdf

co-Sponsors

George Amedore

2015-S2304A (ACTIVE) - Details

2015-S2304A (ACTIVE) - Summary

2015-S2304A (ACTIVE) - Sponsor Memo

2015-S2304A (ACTIVE) - Bill Text download pdf

Comments