S 1986: Extends the time period from eighteen years to twenty-five years that a school shall be guaranteed recovery of energy performance contract costs from energy savings incurred by school districts over that time period.

  
  STATE OF NEW YORK ________________________________________________________________________ 1986 2025-2026 Regular Sessions  IN SENATE January 14, 2025 ___________ Introduced by Sens. HARCKHAM, HOYLMAN-SIGAL, JACKSON, MAY -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT to amend the education law, in relation to extending the time period for guaranteed recovery of energy performance contract costs from energy savings incurred by school districts The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subclause C of clause (i) of subparagraph 5 of paragraph i 2 of subdivision 6 of section 3602 of the education law, as amended by 3 section 1 of part F of chapter 383 of the laws of 2001, is amended to 4 read as follows: 5 C. The energy performance contractor shall guarantee recovery of 6 contract costs from energy savings realized by the school district 7 during the term of the energy performance contract, which shall not 8 exceed [eighteen] twenty-five years. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04732-01-5