STATE OF NEW YORK
________________________________________________________________________
2485
2019-2020 Regular Sessions
IN ASSEMBLY
January 23, 2019
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Introduced by M. of A. LAVINE -- read once and referred to the Committee
on Corporations, Authorities and Commissions
AN ACT to amend the public authorities law, in relation to tax certior-
ari proceedings by the Long Island power authority
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision (u) of section 1020-f of the public authorities
2 law, as added by chapter 517 of the laws of 1986, is amended by adding a
3 new paragraph 5 to read as follows:
4 5. Notwithstanding any law, rule, or regulation to the contrary, in
5 the event that the authority either succeeds in a tax certiorari chal-
6 lenge against a municipality on one or more of its electric generating
7 facilities or agrees to a reduction in its property taxes or payments in
8 lieu of taxes paid through a settlement agreement with a municipality on
9 one or more of its electric generating facilities, any savings in prop-
10 erty taxes or payments in lieu of taxes paid by the authority shall be
11 used solely to reduce the rates paid by its ratepayers.
12 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04613-01-9
