Assembly Bill A7522A

Signed By Governor
2013-2014 Legislative Session

Directs the New York power authority to conduct audits of certain entities who were parties to the federal relicensing agreement approved by the Federal Energy Regulatory Commission

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Sponsored By

Archive: Last Bill Status Via S4948 - 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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Bill Amendments

co-Sponsors

2013-A7522 - Details

See Senate Version of this Bill:
S4948
Law Section:
Public Authorities Law
Laws Affected:
Amd §1005, Pub Auth L

2013-A7522 - Summary

Directs the New York power authority to conduct audits of certain entities who were parties to the federal relicensing agreement approved by the Federal Energy Regulatory Commission and who received power allocations or payments pursuant to such agreement.

2013-A7522 - Bill Text download pdf

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

                                  7522

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 23, 2013
                               ___________

Introduced  by  M. of A. RYAN -- read once and referred to the Committee
  on Corporations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to duties of the
  New York power authority

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

  Section  1.  Section  1005 of the public authorities law is amended by
adding a new subdivision 24 to read as follows:
  24. A. NOTWITHSTANDING ANY PROVISION  OF  LAW  TO  THE  CONTRARY,  THE
AUTHORITY  SHALL  UNDERTAKE AN AUDIT OF ALL THE PARTIES SUBJECT TO STATE
OVERSIGHT THAT WERE NAMED AS BENEFICIARIES OF A POWER ALLOCATION OR CASH
PAYMENT IN THE FEDERAL RELICENSING AGREEMENT  APPROVED  BY  THE  FEDERAL
ENERGY  REGULATORY  COMMISSION  THAT TOOK EFFECT ON SEPTEMBER FIRST, TWO
THOUSAND SEVEN, IN RELATION TO THE NIAGARA POWER  PROJECT  IN  LEWISTON,
NEW YORK.
  B.  AS DEEMED FEASIBLE AND ADVISABLE BY THE TRUSTEES OF THE AUTHORITY,
THE AUDIT REQUIRED BY THIS SUBDIVISION MAY BE CONDUCTED BY THE AUTHORITY
AND ITS STAFF OR IN THE ALTERNATIVE THE AUTHORITY IS  HEREBY  AUTHORIZED
TO  ISSUE  A  REQUEST  FOR PROPOSALS WITHIN NINETY DAYS OF THE EFFECTIVE
DATE OF THIS SUBDIVISION FOR A QUALIFIED ACCOUNTING AND AUDITING FIRM TO
PERFORM THIS WORK.
  C. EACH ENTITY WHO RECEIVED A POWER  ALLOCATION  OR  CASH  PAYMENT  IS
HEREBY  DIRECTED  TO COOPERATE FULLY WITH THE AUDIT REQUIRED HEREIN, AND
TO PROVIDE DOCUMENTS OR OTHER EXHIBITS IN A TIMELY MANNER, AND  TO  MAKE
WITNESSES  READILY  AVAILABLE  WHO  ARE CAPABLE OF PROVIDING INFORMATION
ABOUT THE USE OF THE AUTHORITY'S  ASSETS  PURSUANT  TO  THE  RELICENSING
AGREEMENT  AND  TO  COMPLY  WITH  OTHER REQUESTS AND REQUIREMENTS DEEMED
APPROPRIATE BY THE AUTHORITY OR ITS DESIGNEE.
  D. SUCH AUDIT SHALL INCLUDE BUT SHALL NOT BE LIMITED TO,  AN  EXAMINA-
TION  AND  REPORT  ON  EACH  TRANSACTION  INVOLVING RELICENSING POWER OR
MONEY, INCLUDING IDENTIFYING THE BENEFICIARIES OF SUCH BENEFITS,  SPECI-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10691-02-3
              

co-Sponsors

2013-A7522A (ACTIVE) - Details

See Senate Version of this Bill:
S4948
Law Section:
Public Authorities Law
Laws Affected:
Amd §1005, Pub Auth L

2013-A7522A (ACTIVE) - Summary

Directs the New York power authority to conduct audits of certain entities who were parties to the federal relicensing agreement approved by the Federal Energy Regulatory Commission and who received power allocations or payments pursuant to such agreement.

2013-A7522A (ACTIVE) - Bill Text download pdf

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

                                 7522--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 23, 2013
                               ___________

Introduced  by  M.  of A. RYAN, CERETTO -- read once and referred to the
  Committee on Corporations, Authorities and  Commissions  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the public authorities law, in relation to duties of the
  New York power authority

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

  Section 1. Section 1005 of the public authorities law  is  amended  by
adding a new subdivision 24 to read as follows:
  24.  A.  NOTWITHSTANDING  ANY  PROVISION  OF  LAW TO THE CONTRARY, THE
AUTHORITY SHALL UNDERTAKE AN AUDIT OF ALL THE PARTIES SUBJECT  TO  STATE
OVERSIGHT THAT WERE NAMED AS BENEFICIARIES OF A POWER ALLOCATION OR CASH
PAYMENT  IN  THE  FEDERAL  RELICENSING AGREEMENT APPROVED BY THE FEDERAL
ENERGY REGULATORY COMMISSION THAT TOOK EFFECT ON  SEPTEMBER  FIRST,  TWO
THOUSAND  SEVEN,  IN  RELATION TO THE NIAGARA POWER PROJECT IN LEWISTON,
NEW YORK.
  B. AS DEEMED FEASIBLE AND ADVISABLE BY THE TRUSTEES OF THE  AUTHORITY,
THE AUDIT REQUIRED BY THIS SUBDIVISION MAY BE CONDUCTED BY THE AUTHORITY
AND  ITS  STAFF OR IN THE ALTERNATIVE THE AUTHORITY IS HEREBY AUTHORIZED
TO ISSUE A REQUEST FOR PROPOSALS WITHIN NINETY  DAYS  OF  THE  EFFECTIVE
DATE OF THIS SUBDIVISION FOR A QUALIFIED ACCOUNTING AND AUDITING FIRM TO
PERFORM THIS WORK.
  C.  EACH  ENTITY  WHO  RECEIVED  A POWER ALLOCATION OR CASH PAYMENT IS
HEREBY DIRECTED TO COOPERATE FULLY WITH THE AUDIT REQUIRED  HEREIN,  AND
TO  PROVIDE  DOCUMENTS OR OTHER EXHIBITS IN A TIMELY MANNER, AND TO MAKE
WITNESSES READILY AVAILABLE WHO ARE  CAPABLE  OF  PROVIDING  INFORMATION
ABOUT  THE  USE  OF  THE  AUTHORITY'S ASSETS PURSUANT TO THE RELICENSING
AGREEMENT AND TO COMPLY WITH  OTHER  REQUESTS  AND  REQUIREMENTS  DEEMED
APPROPRIATE BY THE AUTHORITY OR ITS DESIGNEE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10691-04-3

              

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