Bill > S01335

This bill amends the General Municipal Law to expand the existing municipal sustainable energy loan program by adding several new types of improvements that municipalities can help property owners finance. The bill broadens the definition of improvements to include qualifying water improvements (which help reduce water consumption and manage stormwater), qualifying resiliency improvements (designed to help buildings withstand extreme weather events or improve infrastructure like microgrids), and low carbon intensity building components (improvements that reduce greenhouse gas emissions). The legislation allows municipal corporations to create local laws establishing loan programs that can provide financing for these new types of improvements, energy efficiency measures, and renewable energy systems. The bill also adds more detailed requirements for energy audits and feasibility studies, specifies loan terms and repayment conditions, and provides guidelines for how delinquent loan charges can be collected. The expanded program aims to support the state's goals of improving energy efficiency, reducing greenhouse gas emissions, mitigating climate change effects, and advancing a clean energy economy by giving municipalities more tools to help property owners make sustainable improvements.

Agriculture and Natural Resources, Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S1335