N.Y. Public Authorities Law Section 1850-A
Legislative declaration

It is hereby declared that the need for obtaining and maintaining an adequate and continuous supply of safe, dependable and economical power and energy is a matter of serious concern to the people of the state; that accelerated development and use within the state of new energy technologies to supplement energy derived from existing sources will promote the state’s economic growth, protect its environmental values and be in the best interests of the health and welfare of the state’s population; and that such development and use requires special efforts to foster research, development, and demonstration in the methods of production and use of new energy technologies. The objective of this title is the development and utilization of safe, dependable, renewable and economic energy sources and the conservation of energy and energy resources. It is further declared that implementation of this objective can best be effectuated by changing and reconstituting the New York state atomic and space development authority into the New York state energy research and development authority. While maintaining its present commitments to its bondholders, the authority shall direct its efforts toward the development of new energy technologies, with special emphasis on renewable energy sources and energy conservation technologies. It is further declared and found that the objective of this title can be achieved by (1) continuing the authority’s authorization to issue bonds and notes and to lend or otherwise apply the proceeds therefrom for the benefit of gas and power companies in financing projects including, without limitation, experimental or developmental facilities implementing new energy technologies, pollution control facilities, facilities required by the public interest in development, health, recreation, safety, conservation of natural resources and aesthetics, and facilities for the furnishing of electric energy or gas, and

(2)

empowering the authority to issue bonds and notes and to lend or otherwise apply the proceeds therefrom to finance special energy projects for the benefit of persons in the state.

Source: Section 1850-A — Legislative declaration, https://www.­nysenate.­gov/legislation/laws/PBA/1850-A (updated Sep. 22, 2014; accessed May 4, 2024).

1850
Short title 1850‑A
Legislative declaration 1851
Definitions 1852
New York state energy research and development authority 1853
Approval power of the governor 1854
Purposes and specific powers of the authority 1854‑A
Nuclear waste repository siting 1854‑B
Low-level radioactive waste management facilities 1854‑C
Permanent disposal facilities 1854‑D
Generator reporting and fees 1855
General powers of the authority 1856
Acquisition of real property 1857
Officers and employees 1858
Assistance by state officers, departments, boards, divisions and commissions 1859
Deposit, investment and accounting of moneys of the authority 1860
Bonds and notes 1860‑A
Reserve funds and appropriations 1861
Exemption from taxation of the property and income of the authority 1862
Exemption from taxation of bonds and notes 1863
Bonds and notes legal investments for fiduciaries 1864
Right of state to require redemption of bonds 1865
Rights and remedies of bondholders and noteholders 1866
State not liable on bonds and notes 1867
Annual reports 1867‑A
Federal insurance or guaranty 1868
Inconsistent provisions of other acts 1868‑A
Actions 1869
Termination of the authority 1870
Title not affected if in part unconstitutional or ineffective 1871
Public service law not applicable to authority 1872
Green residential building program 1872‑A
Affordable residential green building program 1873
Examination and reporting of energy efficiency grant recipients 1875
Legislative findings and declaration of intent 1876
High temperature technology research program established 1877
Purposes of the high temperature technology research program 1878
State coordination, oversight and technology transfer 1879
Funds 1880
Legislative findings and declaration of intent 1881
High phase order electric transmission research project 1882
School energy efficiency collaboration program 1883
State oversight and funding 1884
Zero-emission bus roadmap
Green check means up to date. Up to date

Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 1850-A’s source at nysenate​.gov

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