New York S 3476: Enacts the "bucks for boilers act"

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S03476 Summary:

BILL NOS03476A

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SAME ASSAME AS A06489

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SPONSORRIVERA

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COSPNSRCLEARE, COMRIE, FERNANDEZ, GONZALEZ, HARCKHAM, HINCHEY, HOYLMAN-SIGAL, JACKSON, KAVANAGH, MAY,
 MYRIE, PARKER, RAMOS, SALAZAR, SANDERS, SERRANO

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MLTSPNSR

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Add §1885, amd §1854, Pub Auth L; add §99-ss, St Fin L; amd §11-104, Energy L; amd §378, Exec L; amd §224-f,
Lab L; amd §10-b, Emerg Ten Prot Act of 1974

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Enacts the bucks for boilers act, which creates a program to aid in transition of housing units to electric heat pumps and other high energy efficiency upgrades.

Go to top S03476 Actions:

BILL NOS03476A

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01/27/2025REFERRED TO ENERGY AND TELECOMMUNICATIONS

03/13/2025AMEND AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS

03/13/2025PRINT NUMBER 3476A

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

Go to topS03476 Committee&nbspVotes:

Go to topS03476 Floor&nbspVotes:

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

Go to topS03476 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3476--A

 2025-2026 Regular Sessions

 IN SENATE

 January 27, 2025
 ___________

 Introduced by Sens. RIVERA, CLEARE, FERNANDEZ, GONZALEZ, HARCKHAM,
 HINCHEY, HOYLMAN-SIGAL, JACKSON, MAY, MYRIE, SALAZAR, SANDERS, SERRANO
 -- read twice and ordered printed, and when printed to be committed to
 the Committee on Energy and Telecommunications -- committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee

 AN ACT to amend the public authorities law, the state finance law, the
 energy law, the executive law, the labor law and the emergency tenant
 protection act of nineteen seventy-four, in relation to enacting the
 "bucks for boilers act"

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

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "bucks for boilers act".
 3 § 2. The public authorities law is amended by adding a new section
 4 1885 to read as follows:
 5 § 1885. Bucks for boilers program. 1. The authority, in consultation
 6 with the department of public service, shall establish a program to aid
 7 in the transition of all existing housing units' heating and cooling
 8 from reliance on combusting oil and gas, to electric heat pumps and
 9 other high energy efficiency upgrades, systems and services.
 10 2. Using funds made available from the bucks for boilers fund as set
 11 forth in section ninety-nine-ss of the state finance law, the authority
 12 shall ensure that any building or household existing in a disadvantaged
 13 community, as such term is defined by the climate justice working group
 14 established under section 75-0111 of the environmental conservation law,
 15 or buildings housing formerly-incarcerated individuals, with a priority
 16 to buildings owned by low-income homeowners or rented to low-income
 17 tenants, shall be eligible for full-cost funding for the procurement and
 18 installation of equipment to be compliant with the energy efficiency
 19 standards set forth under section 11-104 of the energy law, including

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06828-04-5

 S. 3476--A 2

 1 the procurement and installation of non-fossil fuel heating and cooling
 2 and hot water systems and other high energy efficiency systems, includ-
 3 ing electrical panel and wiring upgrades and induction or electric
 4 stoves. For purposes of this subdivision, installation shall also
 5 include bringing eligible housing into a state of good repair. A multi-
 6 family building shall be considered low-income if at least fifty percent
 7 of the households within such building have incomes less than sixty
 8 percent of area medium income. A multifamily building shall be consid-
 9 ered medium-income if at least fifty percent of households within such
 10 building have incomes between sixty percent and one hundred twenty
 11 percent of area median income.
 12 3. Using funds made available from the bucks for boilers fund as set
 13 forth in section ninety-nine-ss of the state finance law, the authority
 14 shall subsidize each residential housing building's transition thro