Authorizes the New York state energy research and development authority to develop an energy weatherization program and to issue bonds for the purpose of extending grants for energy weatherization services; appropriates $50,000,000 therefor.
STATE OF NEW YORK
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2452
2009-2010 Regular Sessions
IN SENATE
February 20, 2009
___________
Introduced by Sens. PARKER, ONORATO -- read twice and ordered printed,
and when printed to be committed to the Committee on Finance
AN ACT to amend the public authorities law, in relation to authorizing
the New York state energy research and development authority to devel-
op an energy weatherization program; and making an appropriation
therefor
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 1854 of the public authorities law is amended by
2 adding a new subdivision 9 to read as follows:
3 9. Energy weatherization program. (a) To issue bonds for the purpose
4 of extending grants from appropriations and bond proceeds to any resi-
5 dential household for energy weatherization services to any person for
6 costs incurred in connection with energy weatherization. Such grants
7 may, but need not be secured by mortgages, contracts, leases or other
8 instruments, upon such terms and conditions as the authority shall
9 determine reasonable in connection with such grants.
10 (b) In the exercise of powers granted in paragraph (a) of this subdi-
11 vision, in connection with any weatherization project, to require the
12 inclusion in any contract, lease, loan agreement or other instrument of
13 such provisions for the financing of such project and such other finan-
14 cial or other covenants as the authority may deem necessary or desirable
15 and to do all things and to execute all instruments necessary and desir-
16 able in connection therewith.
17 (c) The total amount of bonds issued cannot exceed one billion
18 dollars, and proceeds to any residential household for the purpose of
19 energy weatherization services will be limited at five thousand dollars
20 per household per annum.
21 § 2. The sum of fifty million dollars ($50,000,000), or so much there-
22 of as may be necessary, is hereby appropriated to the New York state
23 energy research and development authority from any moneys in the state
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02510-01-9
S. 2452 2
1 treasury in the general fund to the credit of the state purposes
2 account, not otherwise appropriated, and made immediately available, for
3 the purposes of carrying out the provisions of this act. Such moneys
4 shall be payable on the audit and warrant of the comptroller on vouchers
5 certified or approved in the manner prescribed by law.
6 § 3. This act shall take effect immediately.
