New York S 8237: Relates to the green jobs-green New York program

Bill Text

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S08237 Summary:

BILL NOS08237 

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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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Amd 1896, Pub Auth L; amd 66-m, Pub Serv L; amd 242, RP L

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Relates to on-bill recovery loan agreements executed under the green jobs-green New York program.

Go to top S08237 Actions:

BILL NOS08237 

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05/27/2025REFERRED TO ENERGY AND TELECOMMUNICATIONS

06/09/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/09/2025ORDERED TO THIRD READING CAL.1657

06/11/2025PASSED SENATE

06/11/2025DELIVERED TO ASSEMBLY

06/11/2025referred to energy

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

06/04/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/04/2026ORDERED TO THIRD READING CAL.1724

06/04/2026PASSED SENATE

06/04/2026DELIVERED TO ASSEMBLY

06/04/2026referred to energy

Go to topS08237 Committee&nbspVotes:

Go to topS08237 Floor&nbspVotes:

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

Go to topS08237 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8237

 2025-2026 Regular Sessions

 IN SENATE

 May 27, 2025
 ___________

 Introduced by Sen. PARKER -- (at request of the Energy Research Develop-
 ment Authority) -- read twice and ordered printed, and when printed to
 be committed to the Committee on Energy and Telecommunications

 AN ACT to amend the public authorities law, the public service law and
 the real property law, in relation to the green jobs-green New York
 program

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

 1 Section 1. Subparagraph (ii) of paragraph (b) of subdivision 2 of
 2 section 1896 of the public authorities law, as amended by chapter 388 of
 3 the laws of 2011, is amended to read as follows:
 4 (ii) loans shall not exceed thirteen thousand dollars per applicant
 5 for approved qualified energy efficiency services for residential struc-
 6 tures, and twenty-six thousand dollars per applicant for approved quali-
 7 fied energy efficiency services for non-residential structures,
 8 provided, however, that the authority may permit a loan in excess of
 9 such amounts if the total cost of energy efficiency measures financed by
 10 such loan will [achieve] include a payback period [of fifteen years or
 11 less] which does not exceed the useful life of the energy efficiency
 12 measures installed, but in no event shall any such loan exceed [twenty-
 13 five] fifty thousand dollars per applicant for residential structures
 14 and fifty thousand dollars per applicant for non-residential structures;
 15 and for multi-family structures loans shall be in amounts determined by
 16 the authority, provided, however, that the authority shall assure that a
 17 significant number of residential structures are included in the
 18 program;
 19 § 2. Paragraph (a) of subdivision 5 of section 1896 of the public
 20 authorities law, as added by section 1 of part DD of chapter 58 of the
 21 laws of 2012, is amended to read as follows:
 22 (a) For each loan issued for qualified energy efficiency services that
 23 is to be repaid through an on-bill recovery mechanism[, the New York

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09947-01-5

 S. 8237 2

 1 state energy research and development authority shall record, pursuant
 2 to article nine of the real property law, in the office of the appropri-
 3 ate recording officer, a declaration with respect to the property
 4 improved by such services of the existence of the loan and stating the
 5 total amount of the loan, the term of the loan, and that the loan is
 6 being repaid] through a charge on an electric or gas meter associated
 7 with the property, the on-bill recovery loan agreement shall allow for
 8 the purchaser or transferee to agree through written express assumption
 9 provided in accordance with the terms of the on-bill recovery loan that
 10 they are responsible for future on-bill recovery charges, and in the
 11 absence of such written express assumption, the original seller,
 12 transferor, or current loan holder of the subject property shall contin-
 13 ue to be responsible for payment of such remaining charges through
 14