Bill
Bill > S08196
NY S08196
NY S08196Provides a period of probable usefulness for the acquisition, construction or reconstruction of or addition to a solar array or solar panel system, whether or not including buildings, land or rights in land, original furnishings, equipment, machinery or apparatus, or the replacement of such equipment, machinery or apparatus.
summary
Introduced
01/12/2024
01/12/2024
In Committee
01/12/2024
01/12/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the local finance law, in relation to providing a period of probable usefulness for solar arrays and panels
AI Summary
This bill amends the Local Finance Law to provide a period of probable usefulness of 30 years for the acquisition, construction, reconstruction, or addition to a solar array or solar panel system, including any related buildings, land, furnishings, equipment, or machinery. This change allows local governments to finance the costs of solar energy projects over a 30-year period, providing more flexibility and financial viability for investing in renewable energy infrastructure.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
COMMITTED TO RULES (on 06/07/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S8196 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S08196&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S08196 |
Loading...