Assembly BillIntroduced
A 9224: Authorizes the New York State Energy Research and Development Authority to loan money to utility companies for purposes of capital expenditures; authorizes the issuance of bonds.
What A 9224 does, verified January 8, 2026
The bill aims to authorize the New York State Energy Research and Development Authority to provide loans to utility companies for capital expenditures. The loans will be made at an interest rate not exceeding one percent above the interest rate at which the bonds for this purpose were issued. Utility companies regulated by the Public Service Commission are eligible to receive these loans. The authority is authorized to issue bonds specifically for funding these loans. The bill takes effect on the 90th day after it becomes a law.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to corporations, authorities and commissions (2026-01-07)Alert me
Quick answers about A 9224
- What is the current status of A 9224?
- As of January 8, 2026, A 9224 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to corporations, authorities and commissions".
- Did A 9224 pass?
- Not yet. A 9224 has been introduced and has not passed either house.
- Who wrote A 9224, and where is it now?
- A 9224 was authored by Asm. Jonathan Jacobson. Its committee of record is Assembly Corporations, Authorities & Commissions.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to corporations, authorities and commissions |
| Nov. 03, 2025 | referred to corporations, authorities and commissions |
Latest bill textIntroduced version, November 3, 2025 · 287 words
STATE OF NEW YORK ________________________________________________________________________ 9224 2025-2026 Regular Sessions IN ASSEMBLY November 3, 2025 ___________ Introduced by M. of A. JACOBSON -- read once and referred to the Commit- tee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to authorizing the New York State Energy Research and Development Authority to loan money to utility companies for purposes of capital expenditures The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1854 of the public authorities law is amended by 2 adding a new subdivision 27 to read as follows: 3 27. (a) To loan money to utility companies for purposes of capital 4 expenditures. The authority shall make such loans at an interest rate no 5 more than one percent above the interest rate at which the bonds for 6 this purpose were issued. For purposes of this subdivision, the term 7 utility companies shall mean those utilities regulated by the public 8 service commission. 9 (b) The authority is authorized to issue bonds specifically for the 10 purpose of funding the loans described in paragraph (a) of this subdivi- 11 sion. 12 § 2. This act shall take effect on the ninetieth day after it shall 13 have become a law. Effective immediately, the addition, amendment and/or 14 repeal of any rule or regulation necessary for the implementation of 15 this act on its effective date are authorized to be made and completed 16 on or before such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13940-01-5
Text of A 9224 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions