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A03801 Summary:

BILL NOA03801
 
SAME ASNo Same As
 
SPONSORDinowitz
 
COSPNSRMayer, Cook, Otis
 
MLTSPNSRGlick
 
Add Art 12 250 & 251, Pub Serv L
 
Creates standards by which the public service commission reviews and approves a merger or acquisition between telephone corporations, cable corporations and combination telephone and cable corporations.
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A03801 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A3801
 
SPONSOR: Dinowitz
  TITLE OF BILL: An act to amend the public service law, in relation to creating standards by which the public service commission reviews and approves a merger or acquisition between telephone corporations, cable corporations, and combination telephone and cable corporations   PURPOSE OR GENERAL IDEA OF BILL: This bill would require closer scrutiny of proposed telecommunications industry transfers of control, and declares that except where the public interest requires a contrary result, a portion of the benefits of such mergers should be returned to the state's ratepayers.   SUMMARY OF SPECIFIC PROVISIONS: This law would amend section 99 and section 100 of the public service law.   JUSTIFICATION: The public interest requires that the Public Service Commission's analy- sis of mergers and conclusions drawn there from arise from objective and verifiable empirical evidence, rather than from unsupported statements of policy or observations. It is additionally in the public interest to require a portion of the benefits of telecommunications mergers to be returned to the state's ratepayers as refunds. reinvestment in the infrastructure providing E-911 services, or to finance repairs, mainte- nance or new construction that might otherwise be unfunded. Finally, requiring the Public Service Commission to conduct its analysis upon an enumerated list of public interest factors increases the participation of the public and other stakeholder groups in such proceedings, which enhances the transparency and accountability of the merger analysis process.   PRIOR LEGISLATIVE HISTORY: 2015-2016: A.1223-D-Ordered to Third Reading Rules Cal. No. 329 A.6450 of 2011-2012 - In Corporations A.2208d - 2009-2010 Passed Assembly. A.9809 (2006, A.10043 (2007-2008)   FISCAL IMPACT: None   EFFECTIVE DATE: This act shall take effect immediately after it shall have become law, and any rule or regulation necessary for the timely implementation of this act on its effective date shall be promulgated within 90 days of such date.
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