S10157Introduced in the Senate
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 Julia Salazar, District 18
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
REFERRED TO LOCAL GOVERNMENT
May 1, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
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Bill history
REFERRED TO LOCAL GOVERNMENT
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