Creates the under-grounding of electrical power or telecommunications lines fund to provide for the purpose of moving overhead electrical power or telecommunications lines underground from monies appropriated, including, but not limited to, any funds supplied by the Federal Emergency Management Agency for disaster recovery and hazard mitigation which may be used for state infrastructure repair.
STATE OF NEW YORK
________________________________________________________________________
5551
2023-2024 Regular Sessions
IN ASSEMBLY
March 16, 2023
___________
Introduced by M. of A. SMITH -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the state finance law, in relation to creating the
under-grounding of electrical power or telecommunications lines fund
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The state finance law is amended by adding a new section
2 99-qq to read as follows:
3 § 99-qq. Under-grounding of electrical power or telecommunications
4 lines fund. 1. There is hereby established in the joint custody of the
5 state comptroller and the commissioner of taxation and finance a special
6 revenue fund to be known as the "under-grounding of electrical power or
7 telecommunications lines fund".
8 2. The fund shall consist of all monies appropriated for its purpose
9 included but not limited to any funds supplied by the Federal Emergency
10 Management Agency for disaster recovery and hazard mitigation which may
11 be used for state infrastructure repair.
12 3. Monies of the fund, when allocated, shall be disbursed to provide
13 for the purpose of moving overhead electrical power or telecommuni-
14 cations lines underground. Under the fund counties, towns and villages
15 may apply for reimbursement from the fund to contract with power and
16 telecommunications providers as provided in this section. Counties,
17 towns and villages may supply a two man crew and use of certain project
18 necessary equipment to power and telecommunications providers for the
19 purpose of moving overhead electrical power or telecommunications lines
20 underground.
21 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01067-01-3
