New York S 8534: Relates to authorizing Hamaspik of Rockland County, Inc. to file with the town of Ramapo assessor an application for certain real property tax exemptions

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S08534 Summary:

BILL NOS08534 

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SAME ASNo Same As

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SPONSORPARKER

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COSPNSR

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MLTSPNSR

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Add §66-x, Pub Serv L; add §99-tt, St Fin L

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Relates to establishing the furloughed or non-pay federal workers revolving loan program and fund; provides zero percent interest loans to residential electric and natural gas customers who have been either furloughed or designated non-pay federal employees due to a period of a lapse in discretionary appropriations by the federal government in order to assist such customers in paying their electric and gas bills.

Go to top S08534 Actions:

BILL NOS08534 

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10/20/2025REFERRED TO RULES

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

Go to topS08534 Committee&nbspVotes:

Go to topS08534 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS08534 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8534

 2025-2026 Regular Sessions

 IN SENATE

 October 20, 2025
 ___________

 Introduced by Sen. PARKER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Rules

 AN ACT to amend the public service law and the state finance law, in
 relation to establishing the furloughed or non-pay federal workers
 revolving loan program and fund; and providing for the repeal of such
 provisions upon expiration thereof

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The public service law is amended by adding a new section
 2 66-x to read as follows:
 3 § 66-x. Furloughed or non-pay federal workers loan program. 1. The
 4 commission shall create a furloughed or non-pay federal workers revolv-
 5 ing loan program in order to provide zero percent interest loans to
 6 residential electric and natural gas customers who have been either
 7 furloughed or designated non-pay federal employees due to a period of a
 8 lapse in discretionary appropriations by the federal government in order
 9 to assist such customers in paying their electric and gas bills.
 10 2. (a) The commission may make, upon application duly made, up to the
 11 amounts available by appropriation, loans for the payment of electric
 12 and gas bills by eligible customers.
 13 (b) The commission shall have the power to make such rules and regu-
 14 lations as may be necessary and proper to effectuate the purposes of
 15 this section.
 16 3. (a) Application for loans may be made by residential electric and
 17 natural gas customers who have been either furloughed or designated
 18 non-pay federal employees due to a period of a lapse in discretionary
 19 appropriations by the federal government.
 20 (b) Every application shall be in a form acceptable to the commission
 21 and shall require documentation demonstrating financial need and that
 22 the applicant has been furloughed or designated non-pay as a result of a

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13928-01-5

 S. 8534 2

 1 period of a lapse in discretionary appropriations by the federal govern-
 2 ment.
 3 § 2. The state finance law is amended by adding a new section 99-tt to
 4 read as follows:
 5 § 99-tt. Furloughed or non-pay federal workers revolving loan fund. 1.
 6 There is hereby established in the joint custody of the comptroller and
 7 the public service commission a fund to be known as the "furloughed or
 8 non-pay federal worker revolving loan fund". Such fund shall consist of
 9 moneys made available pursuant to appropriation and any other sources in
 10 order to provide zero percent interest loans to residential electric and
 11 natural gas customers who have been either furloughed or designated
 12 non-pay federal employees pursuant to section sixty-six-x of the public
 13 service law.
 14 2. The fund shall consist of all moneys appropriated for its purpose,
 15 all moneys transferred to such fund pursuant to law, and all moneys
 16 required by this section or any other law to be paid into or credited to
 17 this fund, including all moneys received by the fund or donated to it,
 18 payments of principal on loans made from the fund, and any interest
 19 earnings which may accrue from the investment or reinvest