Bill > S06790

This bill requires the superintendent of financial services to conduct an annual examination of the Green Bank, which is a division of the New York State Energy Research and Development Authority (NYSERDA). The examination will assess the Green Bank's net worth, management and operating policies, and the performance of its loans and investments. While the Green Bank is not considered a traditional banking organization, it will be evaluated using financial institution standards. The cost of the examination will be covered by the authority. After the examination, copies of the report, including findings, conclusions, and recommendations, must be provided to NYSERDA, the state comptroller, and the chairs and ranking minority members of the senate finance committee and assembly ways and means committee. The bill aims to increase transparency and oversight of the Green Bank's financial operations and ensure its effectiveness in supporting clean energy initiatives.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S6790