Bill
Bill > A06318
NY A06318
NY A06318Extends the time period from eighteen years to twenty-five years that a school shall be guaranteed recovery of energy performance contract costs from energy savings incurred by school districts over that time period.
summary
Introduced
03/04/2025
03/04/2025
In Committee
01/07/2026
01/07/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the education law, in relation to extending the time period for guaranteed recovery of energy performance contract costs from energy savings incurred by school districts
AI Summary
This bill extends the time period that school districts are guaranteed to recover energy performance contract costs from energy savings from 18 to 25 years. An energy performance contract is a financing mechanism where an energy efficiency contractor implements energy-saving improvements in a school district and guarantees that the cost of those improvements will be offset by the actual energy savings over a specified contract term. By increasing the contract recovery period from 18 to 25 years, the bill provides school districts with a longer timeframe to recoup their investments in energy efficiency upgrades, potentially making such improvements more financially attractive and feasible. This change could encourage schools to undertake more comprehensive energy efficiency projects, knowing they have additional time to realize the financial benefits through documented energy cost savings.
Committee Categories
Education
Sponsors (5)
Last Action
referred to education (on 01/07/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/A6318 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A06318&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A06318 |
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