Bill > A07783

This bill directs the Office of Renewable Energy Siting (ORES) to develop a standardized procedure for processing financial securities and letters of credit that are required as part of the renewable energy project permitting process. Specifically, the bill amends the existing public service law to require ORES to create a formal mechanism that allows municipalities to have the office handle and maintain any financial guarantees needed during the permit application process. The procedure will provide a centralized way for local governments to manage financial requirements associated with renewable energy project permits. By creating this standardized process, the bill aims to simplify and streamline the administrative aspects of renewable energy project approvals, potentially making it easier for municipalities to engage with and support renewable energy development. The bill takes effect immediately, with the amendment being considered part of the existing legal framework for renewable energy siting.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/A7783