New York S 2638: Establishes a student loan borrower bill of rights

Bill Text

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S02638 Summary:

BILL NOS02638 

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SAME ASNo Same As

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SPONSORMAY

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COSPNSRHARCKHAM, HINCHEY, HOYLMAN-SIGAL, KRUEGER, MYRIE, SEPULVEDA

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MLTSPNSR

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Add §1874, Pub Auth L

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Prohibits proceeds from the auction or sale of carbon dioxide emission allowances pursuant to New York's participation in the regional greenhouse gas initiative (RGGI) from being transferred into the state general fund; provides that if such proceeds are transferred to the state general fund, they shall be used for the purposes directed by the RGGI.

Go to top S02638 Actions:

BILL NOS02638 

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01/22/2025REFERRED TO ENERGY AND TELECOMMUNICATIONS

04/28/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

05/06/2026REPORTED AND COMMITTED TO FINANCE

Go to topS02638 Committee&nbspVotes:

Go to topS02638 Floor&nbspVotes:

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

Go to topS02638 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2638

 2025-2026 Regular Sessions

 IN SENATE

 January 22, 2025
 ___________

 Introduced by Sens. MAY, HARCKHAM, HINCHEY, HOYLMAN-SIGAL, KRUEGER,
 MYRIE, SEPULVEDA -- 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, in relation to proceeds from
 the auction or sale of carbon dioxide emission allowances

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

 1 Section 1. The public authorities law is amended by adding a new
 2 section 1874 to read as follows:
 3 § 1874. Carbon dioxide emission allowances. Notwithstanding any other
 4 law, rule, or regulation to the contrary, proceeds collected by the
 5 authority from the auction or sale of carbon dioxide emission allowances
 6 allocated by the department of environmental conservation pursuant to
 7 the regional greenhouse gas initiative (RGGI), implemented in New York
 8 state pursuant to 21 NYCRR part 507, shall be deposited into the energy
 9 efficiency and clean energy technology account established pursuant to
 10 21 NYCRR part 507.4. Such proceeds shall not be moved, transferred, or
 11 otherwise allocated to the state treasury to the credit of the state
 12 general fund; provided, however, that if such proceeds are moved, trans-
 13 ferred, or otherwise allocated to the state treasury to the credit of
 14 the state general fund: (a) such proceeds shall be used for the purposes
 15 directed under 21 NYCRR part 507.4; and (b) the state comptroller shall
 16 submit a report to the temporary president of the senate, the speaker of
 17 the assembly, and the governor containing a detailed description of the
 18 use of such proceeds.
 19 § 2. This act shall take effect March 31, 2027.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06839-01-5

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