Extends the time period from eighteen years to twenty-five years that a school shall be guaranteed recovery of energy performance contract costs from energy savings incurred by school districts over that time period.
STATE OF NEW YORK
________________________________________________________________________
3446
2021-2022 Regular Sessions
IN ASSEMBLY
January 26, 2021
___________
Introduced by M. of A. GRIFFIN -- read once and referred to the Commit-
tee on Education
AN ACT to amend the education law, in relation to extending the time
period for guaranteed recovery of energy performance contract costs
from energy savings incurred by school districts
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subclause C of clause (i) of subparagraph 5 of paragraph i
2 of subdivision 6 of section 3602 of the education law, as amended by
3 section 1 of part F of chapter 383 of the laws of 2001, is amended to
4 read as follows:
5 C. The energy performance contractor shall guarantee recovery of
6 contract costs from energy savings realized by the school district
7 during the term of the energy performance contract, which shall not
8 exceed [eighteen] twenty-five years.
9 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07116-01-1
