Relates to the municipal sustainable energy loan program regarding qualifying water improvements, qualifying resiliency improvements and the use of low carbon intensity building components.
Impact
If enacted, this bill would enable municipal corporations to actively participate in advancing statewide energy efficiency and renewable energy goals. The loans offered under this program would be considered liens on the benefiting real property, ensuring that municipalities retain rights to recover costs through property assessments. There are provisions within the bill that outline the processes for loan management, including the criteria for eligibility and the terms for repayment, which could significantly enhance local authority in environmental initiatives.
Summary
Assembly Bill A05404 aims to amend the General Municipal Law in relation to establishing a sustainable energy loan program at the municipal level. This program permits municipalities to provide loans to property owners for the installation of renewable energy systems, energy efficiency improvements, qualifying water improvements, resiliency enhancements, and low carbon intensity building components. The bill underscores the state's intention to reduce greenhouse gas emissions and promote a clean energy economy, fulfilling essential public purposes by facilitating access to funding for energy-related improvements.
Contention
Discussions around AB A05404 may include considerations regarding the financial implications for local governments and property owners. Proponents advocate for the bill by highlighting its potential to stimulate the local economy, improve community resilience against climate change, and enhance property values through energy-efficient upgrades. On the other hand, concerns may arise over the fiscal responsibilities placed on municipalities and the capacity to manage and oversee such loan programs effectively.
Same As
Relates to the municipal sustainable energy loan program regarding qualifying water improvements, qualifying resiliency improvements and the use of low carbon intensity building components.
Relates to the municipal sustainable energy loan program; includes water efficiency improvements and resiliency improvements in the municipal sustainable energy loan program.
Relates to the municipal sustainable energy loan program; includes water efficiency improvements and resiliency improvements in the municipal sustainable energy loan program.
Relates to qualifying offenses for pre-trial detention; adds class B felonies under article two hundred twenty of the penal law as qualifying offenses.
Relates to qualifying offenses for pre-trial detention; adds class B felonies under article two hundred twenty of the penal law as qualifying offenses.
Adjusts the calculation of the empire state child credit to provide for a one thousand dollar credit per qualifying child who is less than four years of age and a five hundred dollar credit per qualifying child who is four years of age or older for certain qualifying taxpayers.
Adjusts the calculation of the empire state child credit to provide for a one thousand dollar credit per qualifying child who is less than four years of age and a five hundred dollar credit per qualifying child who is four years of age or older for certain qualifying taxpayers.