S10157 (2025-26 session)

NY State bill

Enacts the "utility fair acquisition act", providing that in any acquisition by a municipal corporation or a public benefit corporation created pursuant to article 5 of the public authorities law of infrastructure operated by a public utility company or private energy provider, the appraised value shall be reduced by the value of infrastructure that was financed through customer user fees, ratepayer surcharges, or other non-investor-funded mechanisms as determined by the public service commission.

Title
Enacts the "utility fair acquisition act"
Type
New York State Senate bill
Session
2025-26 session
Status
In Senate Committee
Latest action date
2026-05-01
In committee
Local Government
Introduced
2026-05-01
Same as
A9154
Law section
General Municipal Law

Sponsors

Sources