Bill Text: NY A06577 | 2023-2024 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 11-0)

Status: (Introduced) 2024-01-03 - referred to education [A06577 Detail]

Download: New_York-2023-A06577-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6577

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                     April 19, 2023
                                       ___________

        Introduced  by  M. of A. THIELE, CONRAD -- read once and referred to the
          Committee 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.
                                                                   LBD06929-01-3