A09154Introduced in the Assembly
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.
Introduced by Patrick Burke, District 142
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
print number 9154a
April 21, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
referred to local governments
referred to local governments
amend (t) and recommit to local governments
print number 9154a
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