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S08237 Summary:

BILL NOS08237
 
SAME ASNo Same As
 
SPONSORPARKER
 
COSPNSR
 
MLTSPNSR
 
Amd 1896, Pub Auth L; amd 66-m, Pub Serv L; amd 242, RP L
 
Relates to on-bill recovery loan agreements executed under the green jobs-green New York program.
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S08237 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8237
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                      May 27, 2025
                                       ___________
 
        Introduced by Sen. PARKER -- (at request of the Energy Research Develop-
          ment Authority) -- read twice and ordered printed, and when printed to
          be committed to the Committee on Energy and Telecommunications
 
        AN  ACT  to amend the public authorities law, the public service law and
          the real property law, in relation to the green  jobs-green  New  York
          program
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subparagraph (ii) of paragraph  (b)  of  subdivision  2  of
     2  section 1896 of the public authorities law, as amended by chapter 388 of
     3  the laws of 2011, is amended to read as follows:
     4    (ii)  loans  shall  not exceed thirteen thousand dollars per applicant
     5  for approved qualified energy efficiency services for residential struc-
     6  tures, and twenty-six thousand dollars per applicant for approved quali-
     7  fied  energy  efficiency  services   for   non-residential   structures,
     8  provided,  however,  that  the  authority may permit a loan in excess of
     9  such amounts if the total cost of energy efficiency measures financed by
    10  such loan will [achieve] include a payback period [of fifteen  years  or
    11  less]  which  does  not  exceed the useful life of the energy efficiency
    12  measures installed, but in no event shall any such loan exceed  [twenty-
    13  five]  fifty  thousand  dollars per applicant for residential structures
    14  and fifty thousand dollars per applicant for non-residential structures;
    15  and for multi-family structures loans shall be in amounts determined  by
    16  the authority, provided, however, that the authority shall assure that a
    17  significant  number  of  residential  structures  are  included  in  the
    18  program;
    19    § 2. Paragraph (a) of subdivision 5 of  section  1896  of  the  public
    20  authorities  law,  as added by section 1 of part DD of chapter 58 of the
    21  laws of 2012, is amended to read as follows:
    22    (a) For each loan issued for qualified energy efficiency services that
    23  is to be repaid through an on-bill recovery  mechanism[,  the  New  York

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09947-01-5

        S. 8237                             2

     1  state  energy  research and development authority shall record, pursuant
     2  to article nine of the real property law, in the office of the appropri-
     3  ate recording officer,  a  declaration  with  respect  to  the  property
     4  improved  by  such services of the existence of the loan and stating the
     5  total amount of the loan, the term of the loan, and  that  the  loan  is
     6  being  repaid]  through  a charge on an electric or gas meter associated
     7  with the property, the on-bill recovery loan agreement shall  allow  for
     8  the  purchaser or transferee to agree through written express assumption
     9  provided in accordance with the terms of the on-bill recovery loan  that
    10  they  are  responsible  for  future on-bill recovery charges, and in the
    11  absence  of  such  written  express  assumption,  the  original  seller,
    12  transferor, or current loan holder of the subject property shall contin-
    13  ue  to  be  responsible  for  payment  of such remaining charges through
    14  direct billing and payment to the authority, or its agent.  [The  decla-
    15  ration  shall  further  state  that  it  is being filed pursuant to this
    16  section and, unless fully satisfied prior to sale  or  transfer  of  the
    17  property,  the loan repayment utility meter charge shall survive changes
    18  in ownership, tenancy, or meter account responsibility and, until  fully
    19  satisfied, shall constitute the obligation of the person responsible for
    20  the  meter account. Such declaration shall not constitute a mortgage and
    21  shall not create any security interest or lien  on  the  property.  Upon
    22  satisfaction  of  the  loan,  the  authority shall file a declaration of
    23  repayment pursuant to article nine of the real property law.]
    24    § 3. Paragraph (d) of subdivision 2 of  section  66-m  of  the  public
    25  service  law, as added by chapter 388 of the laws of 2011, is amended to
    26  read as follows:
    27    (d) unless fully satisfied prior to sale or  transfer,  that  (i)  the
    28  on-bill  recovery  charges  for  any services provided at the customer's
    29  premises shall survive changes in ownership, tenancy  or  meter  account
    30  responsibility  if  the  New  York state energy research and development
    31  authority shall have recorded a declaration pursuant to article nine  of
    32  the real property law with respect to such property for the existence of
    33  an  on-bill  recovery  loan,  and  (ii) that arrears in on-bill recovery
    34  charges at the time of account closure or meter  transfer  shall  remain
    35  the  responsibility  of the incurring customer, unless expressly assumed
    36  by a subsequent purchaser of the property subject to such charges;
    37    § 4. Paragraph (a) of subdivision 4 of section 242 of the real proper-
    38  ty law, as added by chapter 388 of the laws of 2011, is amended to  read
    39  as follows:
    40    (a)  Any person, firm, company, partnership or corporation offering to
    41  sell real property which is subject  to  a  green  jobs-green  New  York
    42  on-bill recovery charge pursuant to title nine-A of article eight of the
    43  public authorities law and which provides that such charge shall survive
    44  changes  in  ownership,  tenancy  or meter account responsibility if not
    45  fully satisfied prior to sale or transfer, shall provide written  notice
    46  to the prospective purchaser or the prospective purchaser's agent, stat-
    47  ing as follows: "This property is subject to a green jobs-green New York
    48  on-bill  recovery charge". Such notice shall also state the total amount
    49  of the original charge, the payment schedule and the approximate remain-
    50  ing balance, a description of the energy efficiency services  performed,
    51  including  improvements to the property, and an explanation of the bene-
    52  fit of  the  green  jobs-green  New  York  qualified  energy  efficiency
    53  services. Such notice shall be provided by the seller prior to accepting
    54  a purchase offer; provided that such notice is not necessary if the loan
    55  agreement  provides  that  upon sale or transfer of the subject property
    56  the purchaser or transferee is only  responsible  for  on-bill  recovery

        S. 8237                             3
 
     1  charges  after  sale  or  transfer if they agree through written express
     2  assumption provided in accordance with the terms of the on-bill recovery
     3  loan agreement, and in the absence  of  such  assumption,  the  original
     4  seller, transferor, or current loan holder of the subject property shall
     5  be  responsible  for  payment  of  such remaining charges through direct
     6  billing and payment to the New York state energy research  and  develop-
     7  ment authority, or its agent.
     8    § 5. This act shall take effect immediately.
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