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A08410 Summary:

BILL NOA08410
 
SAME ASSAME AS S08019
 
SPONSORBarrett
 
COSPNSRSantabarbara
 
MLTSPNSR
 
Amd §1867, Pub Auth L
 
Increases the number of entities to whom the New York state energy research and development authority must submit an annual report; requires the report to include a brief summary of all proceeds collected and administered by the authority pursuant to an order of the public service commission or pursuant to regulation, including, but not limited to, assessments, fees, taxes, transfers, corporate income or surcharges imposed on energy consumers or power generators.
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A08410 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A8410
 
SPONSOR: Barrett
  TITLE OF BILL: An act to amend the public authorities law, in relation to the annual reporting obligations of the New York state energy research and develop- ment authority   PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is increase the accessibility and transparency of information related to the New York State Energy Research and Devel- opment Authority's (NYSERDA) funding.   SUMMARY OF PROVISIONS: The changes to paragraph (a) of this section of law would require NYSER- DA submit a report the Authority already prepares to the chairs of the Assembly and Senate Energy Committees. The addition of subparagraph seven requires NYSERDA to prepare a brief summary of how funds approved by the Public Service Commission or pursu- ant to regulation are used and include such summary in their semi-annual report.   JUSTIFICATION: NYSERDA's standing as a public authority allows it to accomplish many goals of the state that would not be possible if it were a traditional state agency. However, as a public authority NYSERDA's funding is not subject to the traditional state budget process that state agencies are. NYSERDA receives funding from a variety of sources including charges on utilities approved by the Public Service Commission as well as the Regional Greenhouse Gas Initiative, but since these funding sources aren't subject to the state budget process NYSERDA is required to submit a semi-annual report to the chairs of the legislative fiscal committees. This bill would require those reports also be submitted to the chairs of the Senate Energy and Telecommunications Committee and the Assembly Energy Committee and include a brief summary of how these funds are used. This will strengthen legislative oversight of NYSERDA and increase transparency within state government.   PRIOR LEGISLATIVE HISTORY: New Legislation.   FISCAL IMPACT: None.   EFFECTIVE DATE: The first of January next succeeding the date on which it shall have become law.
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