New York State Assembly

 
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A07397 Summary:

A07397 Actions:

A07397 Committee Votes:

Committee:ENVIRONMENTAL CONSERVATION   Chair:Englebright      
DATE:05/11/2021AYE/NAY:30/0  Action: Favorable refer to committee Ways and Means        
Englebright
Aye
Smullen
Aye
Glick
Aye
Miller
Aye
Colton
Aye
Tague
Aye
Cymbrowitz
Aye
Manktelow
Aye
O'Donnell
Aye
Brown
Aye
Gunther
Aye
Durso
Aye
Thiele
Aye
Lemondes
Aye
Abinanti
Aye
Simpson
Aye
Fahy
Aye
Otis
Aye
Williams
Aye
Barrett
Aye
Carroll
Aye
Burke
Aye
Griffin
Aye
Epstein
Aye
McMahon
Aye
Burdick
Aye
Lunsford
Aye
Kelles
Aye
Gonzalez-Rojas
Aye
Septimo
Aye

Committee:WAYS AND MEANS   Chair:Weinstein      
DATE:05/19/2021AYE/NAY:32/0  Action: Favorable refer to committee Rules        
Weinstein
Aye
Ra
Aye
Glick
Aye
Fitzpatrick
Aye
Nolan
Excused
Hawley
Aye
Pretlow
Aye
Montesano
Aye
Perry
Aye
Blankenbush
Aye
Colton
Aye
Norris
Aye
Cook
Aye
Brabenec
Aye
Cahill
Aye
Palmesano
Aye
Aubry
Aye
Byrne
Aye
Cusick
Aye
Ashby
Aye
Benedetto
Aye
Weprin
Aye
Rodriguez
Aye
Ramos
Excused
Braunstein
Aye
McDonald
Aye
Rozic
Aye
Dinowitz
Aye
Joyner
Excused
Magnarelli
Aye
Zebrowski
Aye
Bronson
Aye
Dilan
Aye
Seawright
Aye
Hyndman
Aye

Committee:RULES   Chair:Gottfried      
DATE:05/25/2021AYE/NAY:29/0  Action: Favorable         
Heastie
Excused
Barclay
Aye
Gottfried
Aye
Hawley
Aye
Nolan
Excused
Giglio
Aye
Weinstein
Aye
Blankenbush
Aye
Pretlow
Aye
Norris
Aye
Cook
Aye
Montesano
Aye
Glick
Aye
Ra
Aye
Aubry
Aye
Brabenec
Aye
Englebright
Aye
Dinowitz
Aye
Colton
Aye
Magnarelli
Aye
Perry
Aye
Paulin
Aye
Peoples-Stokes
Aye
Benedetto
Aye
Lavine
Aye
Lupardo
Aye
Zebrowski
Aye
Thiele
Aye
Braunstein
Aye
Dickens
Aye
Davila
Aye

A07397 Floor Votes:

A07397 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7397
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                       May 6, 2021
                                       ___________
 
        Introduced by M. of A. SILLITTI, ENGLEBRIGHT -- (at request of the Envi-
          ronmental  Facilities  Corporation)  --  read once and referred to the
          Committee on Environmental Conservation
 
        AN ACT to amend the environmental conservation law, in relation to water
          pollution control revolving fund agreements

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Paragraph  a  of  subdivision 3 of section 17-1909 of the
     2  environmental conservation law, as amended by chapter 250 of the laws of
     3  2018, is amended to read as follows:
     4    a. The corporation is authorized to promulgate regulations,  developed
     5  in  consultation  with the commissioner and the director of the division
     6  of the budget, for the purpose  of  carrying  out  its  responsibilities
     7  under  this  section,  including establishing criteria and standards for
     8  determining the amount of financial assistance to a municipality for  an
     9  eligible  project.  To the extent financial assistance to a municipality
    10  for an eligible project is provided as a loan from the proceeds of bonds
    11  or notes of the corporation, the amount of an allocation  applicable  to
    12  the  portion  of such eligible project financed with such loan shall be,
    13  subject to such maximum financial limitations as may otherwise be neces-
    14  sary and prescribed by the commissioner and the director of the division
    15  of the budget, thirty-three  and  one-third  percent  of  the  principal
    16  amount  of  such loan outstanding at any time for such eligible project,
    17  to the extent reasonably practicable, and subject to such  deviation  as
    18  may  be  necessary, in connection with the administration and investment
    19  of moneys in the fund,  unless  allocations  in  differing  amounts  are
    20  necessary  to preclude a determination by the commissioner or the corpo-
    21  ration pursuant to paragraph e of subdivision eight of this  section  or
    22  unless an allocation in a differing amount is required for an innovative
    23  technology demonstration project; provided, however, that in the case of
    24  any  municipality which has, during the period commencing on June first,
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09557-01-1
        A. 7397                             2
 
     1  nineteen hundred ninety-two and ending on September thirtieth, two thou-
     2  sand [twenty-one] twenty-four, (i) submitted an application  for  finan-
     3  cial  assistance  in  the  form  of such a loan for an eligible project,
     4  which  application  has been accepted by the corporation, (ii) closed on
     5  such loan, and (iii) commenced construction of  such  eligible  project,
     6  the  allocation  applicable to the portion of such project financed with
     7  such loan shall be, subject to  maximum  financial  limitations  as  may
     8  otherwise be necessary and prescribed by the commissioner and the direc-
     9  tor  of  the  division  of  the  budget,  fifty percent of the principal
    10  balance outstanding on such loan at any time for such eligible  project,
    11  to  the  extent reasonably practicable, and subject to such deviation as
    12  may be necessary, in connection with the administration  and  investment
    13  of  moneys  in  the  fund,  unless  allocations in differing amounts are
    14  necessary to preclude a determination by the commissioner or the  corpo-
    15  ration  pursuant  to paragraph e of subdivision eight of this section or
    16  unless an allocation in a differing amount is required for an innovative
    17  technology demonstration project.
    18    § 2. The closing paragraph of subdivision 8 of section 17-1909 of  the
    19  environmental conservation law, as amended by chapter 250 of the laws of
    20  2018, is amended to read as follows:
    21    The interest rate charged on any loan made by the corporation pursuant
    22  to  this subdivision shall be no more than two-thirds of the market rate
    23  of interest otherwise applicable thereto, provided, however, that in the
    24  case of any municipality which has, during the period commencing on June
    25  first, nineteen hundred ninety-two and ending  on  September  thirtieth,
    26  two  thousand [twenty-one] twenty-four, (i) submitted an application for
    27  financial assistance in the form of a loan from the corporation pursuant
    28  to this subdivision, for an eligible project, which application has been
    29  accepted by the  corporation,  (ii)  closed  on  such  loan,  and  (iii)
    30  commenced  construction  of  such  eligible  project,  the interest rate
    31  charged on such loan shall be no more than one-half of the  market  rate
    32  otherwise applicable thereto.
    33    § 3. This act shall take effect immediately.