Senate Bill S7870

Signed By Governor
2013-2014 Legislative Session

Enacts the "Northern New York power proceeds allocation act"

download bill text pdf

Sponsored By

There are no sponsors of this bill.

Archive: Last Bill Status Via A10093 - Signed by Governor


  • 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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2013-S7870 (ACTIVE) - Details

See Assembly Version of this Bill:
A10093
Law Section:
Economic Development Law
Laws Affected:
Add Art 7-A §§197-a - 197-c, Ec Dev L; amd §1005, Pub Auth L

2013-S7870 (ACTIVE) - Summary

Enacts the "Northern New York power proceeds allocation act"; establishes the five member northern New York power proceeds allocation board to review and recommend applications for fund benefits pursuant to certain criteria set forth; makes related provisions.

2013-S7870 (ACTIVE) - Sponsor Memo

2013-S7870 (ACTIVE) - Bill Text download pdf

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

                                  7870

                            I N  S E N A T E

                              June 16, 2014
                               ___________

Introduced by COMMITTEE ON RULES -- (at request of the Governor) -- read
  twice  and  ordered  printed,  and when printed to be committed to the
  Committee on Rules

AN ACT to amend the economic development law and the public  authorities
  law,  in  relation  to  enacting  the northern New York power proceeds
  allocation act

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Short  title. This act shall be known and may be cited as
the "northern New York power proceeds allocation act".
  S 2. The economic development law is amended by adding a  new  article
7-A to read as follows:
                               ARTICLE 7-A
             NORTHERN NEW YORK POWER PROCEEDS ALLOCATION ACT
SECTION 197-A. DEFINITIONS.
        197-B. THE NORTHERN NEW YORK POWER PROCEEDS ALLOCATION BOARD.
        197-C. GENERAL POWERS AND DUTIES OF THE BOARD.
  S  197-A. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING
TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  1. "AUTHORITY" IS THE POWER AUTHORITY OF THE STATE OF NEW YORK.
  2. "AUTHORITY-TMED CONTRACT" REFERS TO A CERTAIN CONTRACT BETWEEN  THE
AUTHORITY  AND THE TOWN OF MASSENA ELECTRIC DEPARTMENT, ENTITLED "AGREE-
MENT GOVERNING THE SALE OF ST. LAWRENCE-FDR PROJECT POWER AND ENERGY  TO
THE  TOWN  OF  MASSENA  ELECTRIC  DEPARTMENT  FOR  ECONOMIC  DEVELOPMENT
PURPOSES," EXECUTED AND DATED BY THE AUTHORITY  ON  OCTOBER  EIGHTEENTH,
TWO  THOUSAND TWELVE, AND THE ASSOCIATED AUTHORITY SERVICE TARIFF ISSUED
AND EFFECTIVE AUGUST TWENTY-FIRST, TWO THOUSAND TWELVE.
  3. "BOARD" IS THE NORTHERN NEW YORK POWER  PROCEEDS  ALLOCATION  BOARD
CREATED BY THIS ARTICLE.
  4.  "BENEFITS"  OR "FUND BENEFITS" ARE PAYMENTS TO ELIGIBLE APPLICANTS
SELECTED BY THE AUTHORITY FOR THE PURPOSE OF FUNDING  ELIGIBLE  PROJECTS
WITH  MONIES DERIVED FROM NET EARNINGS THAT HAVE BEEN DEPOSITED INTO THE
NORTHERN NEW YORK ECONOMIC DEVELOPMENT FUND BY THE AUTHORITY IN  ACCORD-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD12090-03-4
              

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