Bill Text: NY S06095 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to creating the hospital and multiple dwelling energy loan program.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S06095 Detail]

Download: New_York-2015-S06095-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6095
                               2015-2016 Regular Sessions
                    IN SENATE
                                    December 14, 2015
                                       ___________
        Introduced  by  Sen.  MONTGOMERY  -- read twice and ordered printed, and
          when printed to be committed to the Committee on Rules
        AN ACT to amend the New York state urban development corporation act, in
          relation to creating the hospital and multiple  dwelling  energy  loan
          fund
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The legislature hereby finds and declares that the  state's
     2  high  energy  costs are considered a significant burden on hospitals and
     3  multiple dwellings. Therefore, the legislature seeks to provide funds to
     4  reduce high energy costs, via a zero  or  low  interest  loan,  or  loan
     5  interest  rate  reduction  program  for  energy  efficiency  projects to
     6  provide fiscal relief for hospitals and multiple dwellings in the  state
     7  of New York.
     8    §  2.  Section  1 of chapter 174 of the laws of 1968, constituting the
     9  New York state urban development corporation act, is amended by adding a
    10  new section 16-x to read as follows:
    11    § 16-x. Hospital and multiple dwelling energy loan program. 1.   Defi-
    12  nitions. For the purpose of this section:
    13    (a)  "Authority"  shall  mean  the  New York state energy research and
    14  development authority as defined in section one thousand  eight  hundred
    15  fifty-one of the public authorities law.
    16    (b)  "Economically distressed areas" shall mean areas as determined by
    17  the corporation,  meeting  criteria  indicative  of  economic  distress,
    18  including consideration of unemployment rate; rate of employment change;
    19  numbers and percentages of low-income persons; per capita income and per
    20  capita  real  property  wealth; such other indicators of distress as the
    21  corporation shall determine. Economically distressed areas  may  include
    22  designations  such as cities, municipalities, block numbering areas, and
    23  census tracts.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13308-01-5