NY State Senate Bill 2015-S5199

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

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2016	referred to finance returned to senate died in assembly
Jun 10, 2015	referred to ways and means delivered to assembly passed senate
Jun 08, 2015	advanced to third reading
Jun 03, 2015	2nd report cal.
Jun 02, 2015	1st report cal.1278
May 07, 2015	referred to finance

Votes

- Jun 10, 2015 - Floor Vote
  S5199
  
  60
  
  Aye
  
  1
  
  Nay
  
  0
  
  Absent
  
  2
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Jun 10, 2015
      
      aye (60)
      
      Addabbo Jr.
      
      Amedore
      
      Avella
      
      Bonacic
      
      Boyle
      
      Breslin
      
      Carlucci
      
      Comrie
      
      Croci
      
      DeFrancisco
      
      Diaz
      
      Dilan
      
      Farley
      
      Felder
      
      Flanagan
      
      Funke
      
      Gallivan
      
      Gianaris
      
      Golden
      
      Griffo
      
      Hamilton
      
      Hannon
      
      Hassell-Thompson
      
      Hoylman-Sigal
      
      Kennedy
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Latimer
      
      Little
      
      Marcellino
      
      Marchione
      
      Martins
      
      Montgomery
      
      Murphy
      
      Nozzolio
      
      O'Mara
      
      Ortt
      
      Panepinto
      
      Parker
      
      Peralta
      
      Ranzenhofer
      
      Ritchie
      
      Rivera
      
      Robach
      
      Sampson
      
      Sanders Jr.
      
      Savino
      
      Serino
      
      Serrano
      
      Seward
      
      Skelos
      
      Squadron
      
      Stavisky
      
      Stewart-Cousins
      
      Valesky
      
      Venditto
      
      Young
      
      nay (1)
      
      Espaillat
      
      excused (2)
      
      Libous
      
      Perkins
  Jun 2, 2015 - Finance Committee Vote
  S5199
  
  33
  
  Aye
  
  1
  
  Nay
  
  1
  
  Aye with Reservations
  
  0
  
  Absent
  
  1
  
  Excused
  
  0
  
  Abstained
  - - Finance Committee Vote: Jun 2, 2015
      
      aye (33)
      
      Bonacic
      
      Breslin
      
      DeFrancisco
      
      Diaz
      
      Dilan
      
      Farley
      
      Gallivan
      
      Golden
      
      Griffo
      
      Hannon
      
      Kennedy
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Little
      
      Marcellino
      
      Martins
      
      Montgomery
      
      Nozzolio
      
      O'Mara
      
      Parker
      
      Peralta
      
      Ranzenhofer
      
      Ritchie
      
      Rivera
      
      Robach
      
      Savino
      
      Seward
      
      Squadron
      
      Stavisky
      
      Valesky
      
      Young
      
      nay (1)
      
      Espaillat
      
      aye wr (1)
      
      Perkins
      
      excused (1)
      
      Hassell-Thompson

co-Sponsors

2015-S5199 (ACTIVE) - Details

Current Committee:: Senate Finance
Law Section:: State Finance Law
Laws Affected:: Add §97-u, St Fin L
Versions Introduced in 2017-2018 Legislative Session:: S1924

2015-S5199 (ACTIVE) - Summary

Relates to a New York state three phase power revolving loan program.

2015-S5199 (ACTIVE) - Sponsor Memo

                                BILL NUMBER:S5199

TITLE OF BILL:  An act to amend the state finance law, in relation to
a New York state three phase power revolving loan program

PURPOSE:

This bill establishes a revolving loan program to provide farmers
throughout New York State 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
establishing the New York State Three Phase Power Revolving Loan
Program. The program will be carried out by the New York State Energy
Research and Development Authority (NYSERDA) for the purpose of
providing farmers with low interest loans to upgrade their electricity
to three phase power.

This section also authorizes NYSERDA to promulgate the rules and
regulations for the purpose of carrying out the provision of this act,
including, an application process, standards for determining farmers'
eligibility for a loam, standards for determining the priority of the
three phase power project, standards for determining the amount of
financial assistance to be provided to the farmer, and repayment

periods and agreements.

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, however, is extremely 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 creates the New York State Three Phase
Power Revolving Loan Program. This will provide farmers throughout New
York State with low interest loans to help cover the cost of bringing
three phase power to their farm.

LEGISLATIVE HISTORY:

New bill.


FISCAL IMPLICATIONS:

To be determined.

EFFECTIVE DATE:

This act shall take effect on the ninetieth 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-S5199 (ACTIVE) - Bill Text download pdf

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

                                  5199

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               May 7, 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 New  York  state
  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.  NEW YORK STATE THREE PHASE POWER REVOLVING LOAN PROGRAM.  1.
THERE IS HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE COMMISSIONER  OF
TAXATION  AND FINANCE AND THE COMPTROLLER, A SPECIAL FUND TO BE KNOWN AS
THE "NEW YORK STATE THREE PHASE POWER REVOLVING LOAN FUND".
  2. THE PROGRAM SHALL  CONSIST  OF  ALL  MONEYS  APPROPRIATED  FOR  ITS
PURPOSE, ALL MONEYS TRANSFERRED TO SUCH ACCOUNT PURSUANT TO LAW, AND ALL
MONEYS  REQUIRED  BY  THIS  SECTION  OR ANY OTHER LAW TO BE PAID INTO OR
CREDITED TO THIS ACCOUNT, INCLUDING ALL MONEYS RECEIVED BY  THE  ACCOUNT
OR  DONATED TO IT, PAYMENTS OF PRINCIPAL AND INTEREST ON LOANS MADE FROM
THE ACCOUNT, AND ANY INTEREST EARNINGS WHICH MAY ACCRUE FROM THE INVEST-
MENT OR REINVESTMENT OF MONEYS FROM THE ACCOUNT.  THE  TOTAL  OF  MONIES
DEPOSITED  AS  A RESULT OF APPROPRIATION FROM STATE FUNDS INTO THIS FUND
SHALL NOT EXCEED THE SUM OF FIVE MILLION DOLLARS.  MONIES  IN  THE  FUND
SHALL BE KEPT SEPARATE AND SHALL NOT BE COMMINGLED WITH ANY OTHER MONIES
OTHERWISE APPROPRIATED OR RECEIVED.
  3.  MONEYS  OF THE FUND, WHEN ALLOCATED, SHALL BE AVAILABLE TO THE NEW
YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY 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.
  4.  THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY SHALL
PROMULGATE RULES AND REGULATIONS FOR THE PURPOSE  OF  CARRYING  OUT  THE
PROVISIONS OF THIS SECTION, INCLUDING ESTABLISHING:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10486-01-5

S. 5199                             2

  (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.
  S 2. This act shall take effect on the ninetieth 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.

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Senate Bill S5199

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee

Jun 10, 2015 - Floor Vote

Floor Vote: Jun 10, 2015

Jun 2, 2015 - Finance Committee Vote

Finance Committee Vote: Jun 2, 2015

co-Sponsors

2015-S5199 (ACTIVE) - Details

2015-S5199 (ACTIVE) - Summary

2015-S5199 (ACTIVE) - Sponsor Memo

2015-S5199 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S5199

Share this bill

Sponsored By

Patty Ritchie

Archive: Last Bill Status - In Senate Committee Finance Committee

co-Sponsors

Patrick M. Gallivan

Kathleen A. Marchione

2015-S5199 (ACTIVE) - Details

2015-S5199 (ACTIVE) - Summary

2015-S5199 (ACTIVE) - Sponsor Memo

2015-S5199 (ACTIVE) - Bill Text download pdf

Comments