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A5404 • 2025

Relates to the municipal sustainable energy loan program

Relates to the municipal sustainable energy loan program

Energy
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Steve Stern
Last action
2026-06-04
Official status
Passed Senate
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to the municipal sustainable energy loan program

Relates to the municipal sustainable energy loan program Relates to the municipal sustainable energy loan program regarding qualifying water improvements, qualifying resiliency improvements and, in a city with a population of one million or more, the use of low carbon intensity building components.

What This Bill Does

  • Relates to the municipal sustainable energy loan program Relates to the municipal sustainable energy loan program regarding qualifying water improvements, qualifying resiliency improvements and, in a city with a population of one million or more, the use of low carbon intensity building components.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-04 Assembly

    PASSED ASSEMBLY

  2. 2026-06-04 Assembly

    DELIVERED TO SENATE

  3. 2026-06-04 Senate

    REFERRED TO RULES

  4. 2026-06-04 Senate

    SUBSTITUTED FOR S1335C

  5. 2026-06-04 Senate

    3RD READING CAL.1701

  6. 2026-06-04 Senate

    PASSED SENATE

  7. 2026-06-04 Senate

    RETURNED TO ASSEMBLY

  8. 2026-06-03 Assembly

    REPORTED REFERRED TO RULES

  9. 2026-06-03 Assembly

    REPORTED

  10. 2026-06-03 Assembly

    RULES REPORT CAL.445

  11. 2026-06-03 Assembly

    ORDERED TO THIRD READING RULES CAL.445

  12. 2026-06-02 Assembly

    REFERENCE CHANGED TO WAYS AND MEANS

  13. 2026-06-01 Assembly

    AMEND AND RECOMMIT TO ENERGY

  14. 2026-06-01 Assembly

    PRINT NUMBER 5404C

  15. 2026-01-07 Assembly

    REFERRED TO ENERGY

  16. 2025-05-15 Assembly

    AMEND AND RECOMMIT TO ENERGY

  17. 2025-05-15 Assembly

    PRINT NUMBER 5404B

  18. 2025-05-07 Assembly

    AMEND AND RECOMMIT TO ENERGY

  19. 2025-05-07 Assembly

    PRINT NUMBER 5404A

  20. 2025-02-13 Assembly

    REFERRED TO ENERGY

Official Summary Text

Relates to the municipal sustainable energy loan program
Relates to the municipal sustainable energy loan program regarding qualifying water improvements, qualifying resiliency improvements and, in a city with a population of one million or more, the use of low carbon intensity building components.

Current Bill Text

Read the full stored bill text
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          5404

                               2025-2026 Regular Sessions

                                  I N  A S S E M B L Y

                                    February 13, 2025
                                       ___________

        Introduced  by M. of A. STERN -- read once and referred to the Committee
          on Energy

        AN ACT to amend the general municipal law, in relation to the  municipal
          sustainable energy loan program

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Section 119-ee of the general municipal law,  as  added  by
     2  chapter 497 of the laws of 2009, is amended to read as follows:
     3    §  119-ee. Legislative findings and declaration. The legislature finds
     4  and declares that it is the policy of the  state  to  achieve  statewide
     5  energy  efficiency  and  renewable  energy  goals, reduce greenhouse gas
     6  emissions and mitigate the effect of global climate change, and  advance
     7  a  clean  energy  economy; and that to achieve such policy and goals the
     8  state must promote the deployment of  renewable  energy  systems  [and],
     9  energy  efficiency  measures,  QUALIFYING  WATER  IMPROVEMENTS,  AND LOW
    10  CARBON INTENSITY BUILDING COMPONENTS  throughout  the  state;  and  that
    11  municipalities  would  fulfill  an important public purpose by providing
    12  loans to property  owners  for  the  installation  of  renewable  energy
    13  systems  [and],  energy  efficiency  measures, QUALIFYING WATER IMPROVE-
    14  MENTS, AND THE USE OF LOW CARBON INTENSITY BUILDING COMPONENTS.
    15    § 2. Subdivisions 5, 6, 7 and 8  of  section  119-ff  of  the  general
    16  municipal  law,  as  amended  by  chapter  184  of the laws of 2020, are
    17  amended to read as follows:
    18    5. "FEASIBILITY STUDY" MEANS A WRITTEN STUDY, CONDUCTED BY A  CONTRAC-
    19  TOR  CERTIFIED  BY  THE  AUTHORITY,  OR CERTIFIED BY A CERTIFYING ENTITY
    20  APPROVED BY THE AUTHORITY FOR PURPOSES OF THIS ARTICLE, FOR THE  PURPOSE
    21  OF  DETERMINING  THE FEASIBILITY OF INSTALLING A RENEWABLE ENERGY SYSTEM
    22  OR QUALIFYING WATER IMPROVEMENT. A MUNICIPAL CORPORATION MAY,  BY  LOCAL
    23  LAW, PROVIDE FOR THE CERTIFICATION OF SUCH CONTRACTORS BASED UPON CRITE-
    24  RIA  AT  LEAST AS STRINGENT AS THE STATE-WIDE CRITERIA FOR CERTIFICATION
    25  ADOPTED BY THE AUTHORITY FOR PURPOSES OF THIS ARTICLE.

         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02166-01-5
        A. 5404                             2

     1    6. "LOW CARBON INTENSITY BUILDING  COMPONENT  IMPROVEMENT"  MEANS  ANY
     2  PERMANENTLY AFFIXED IMPROVEMENT TO REAL PROPERTY, WHETHER AS A COMPONENT
     3  OF  THE NEW CONSTRUCTION OF A BUILDING OR AS THE RENOVATION OR RETROFIT-
     4  TING OF AN EXISTING BUILDING, TO REDUCE THE CARBON OR  OTHER  GREENHOUSE
     5  GAS EMISSIONS OF THOSE COMPONENTS OR THE IMPROVED PROPERTY.
     6    7. "Municipal corporation" means a county, town, city or village.
     7    8.  "QUALIFYING WATER IMPROVEMENT" MEANS ANY IMPROVEMENT TO REAL PROP-
     8  ERTY, WHETHER AS A COMPONENT OF THE NEW CONSTRUCTION OF A BUILDING OR AS
     9  THE RENOVATION AND RETROFITTING OF AN EXISTING BUILDING, TO REDUCE WATER
    10  CONSUMPTION, PROMOTE WATER CONSERVATION AND STORAGE, MANAGE  STORMWATER,
    11  RESIST FLOODING, AND MITIGATE CONTAMINATION IN POTABLE WATER SYSTEMS.
    12    [6.] 9. "Real property" means any property, an interest in which is or
    13  is  eligible  to  be  recorded or registered on municipal land ownership
    14  records by the possessor of such interest.
    15    [7.] 10. "Renewable energy system" means an energy  generating  system
    16  for  the  generation of electric or thermal energy, to be used primarily
    17  at such property, except when the owner of real property is a commercial
    18  entity, by means of solar thermal, solar photovoltaic, wind, geothermal,
    19  anaerobic digester gas-to-electricity systems, fuel  cell  technologies,
    20  or  other  renewable  energy  technology  approved  by the authority not
    21  including the combustion or pyrolysis of solid waste.
    22    [8. "Renewable energy system feasibility study" means a written study,
    23  conducted by a contractor certified by the authority, or certified by  a
    24  certifying  entity  approved by the authority for purposes of this arti-
    25  cle, for the purpose of determining  the  feasibility  of  installing  a
    26  renewable  energy  system.  A  municipal  corporation may, by local law,
    27  provide for the certification of such contractors based upon criteria at
    28  least as stringent as the state-wide criteria for certification  adopted
    29  by the authority for purposes of this article.]
    30    §  3. Section 119-gg of the general municipal law, as added by chapter
    31  497 of the laws of 2009, subdivisions 1 and 6 as amended by chapter  320
    32  of the laws of 2017, is amended to read as follows:
    33    §  119-gg. Sustainable energy loan program. 1. The legislative body of
    34  any municipal corporation may, by local  law,  establish  a  sustainable
    35  energy  loan  program  using  federal grant assistance or federal credit
    36  support or monies from the state of New York or any state  authority  as
    37  defined  by section two of the public authorities law available for this
    38  purpose.
    39    2. Such program may make loans to the owners of real property  located
    40  within  the municipal corporation to finance the installation of renewa-
    41  ble energy systems [and],  energy  efficiency  improvements,  QUALIFYING
    42  WATER  IMPROVEMENTS,  LOW  CARBON INTENSITY BUILDING COMPONENTS, related
    43  energy audits and [renewable energy system] feasibility studies, and the
    44  verification of the installation of such systems  and  improvements.  No
    45  municipal  corporation  shall  make  such a loan to an owner of property
    46  that has received a loan from another municipal corporation pursuant  to
    47  this article.
    48    3.  Each  such  local  law  establishing  the  sustainable energy loan
    49  program shall provide for the criteria for making  such  loans  and  the
    50  terms and conditions for repayment of such loans. The sustainable energy
    51  loan  program  shall  use such lists of cost effective energy efficiency
    52  improvements for different building types as are approved by the author-
    53  ity.
    54    4. The municipal corporation shall verify and report on the  installa-
    55  tion and performance of renewable energy systems [and], energy efficien-
    56  cy improvements, QUALIFYING WATER IMPROVEMENTS, AND LOW CARBON INTENSITY
        A. 5404                             3

     1  BUILDING  COMPONENT  IMPROVEMENTS  financed  by the loan program in such
     2  form and manner as the authority may establish.
     3    5.  Every loan made under the sustainable energy loan program shall be
     4  repaid over a term not to exceed the [weighted  average  of  the  useful
     5  life  of  such  systems  and  improvements]  THE LONGEST LIVED SYSTEM OR
     6  IMPROVEMENT as determined by the municipal  corporation.  The  municipal
     7  corporation  shall [set] APPROVE a fixed rate of interest for the repay-
     8  ment of the principal amount of each loan at the time the loan is made.
     9    6. a. For loans made to an owner of real property that is a commercial
    10  entity, not-for-profit organization, or entity other than an individual,
    11  the municipal corporation, GOVERNING BODY OR  ITS  DULY  ASSIGNED  AGENT
    12  shall  have  the  authority to impose requirements on the maximum amount
    13  that may be borrowed through  such  loan,  which  may  consider  factors
    14  including  but  not  limited  to  the property value, projected savings,
    15  project cost, and existing indebtedness secured by such property.
    16    b. For loans made to an owner of real property who is  an  individual,
    17  the  principal  amount  of each such loan, excluding interest, shall not
    18  exceed the lesser of ten percent of the appraised real property value or
    19  the actual cost of installing the renewable energy system [and],  energy
    20  efficiency  [improvements] IMPROVEMENT, QUALIFYING WATER IMPROVEMENT, OR
    21  LOW CARBON INTENSITY BUILDING COMPONENT IMPROVEMENT, including the costs
    22  of necessary equipment, materials, and labor, the costs of each  related
    23  energy audit and renewable energy system feasibility study, and the cost
    24  of  verification  of  such renewable energy system and energy efficiency
    25  improvements.
    26    7. No such loan shall  be  made  for  energy  efficiency  improvements
    27  unless determined to be appropriate through an energy audit, and no such
    28  loan  shall  be  made  for a renewable energy system OR QUALIFYING WATER
    29  IMPROVEMENT unless determined to be feasible through a [renewable energy
    30  system] feasibility study.
    31    8.  AN ENERGY AUDIT MAY DOCUMENT IMPROVEMENTS AND RELATED  COSTS  THAT
    32  ARE  REQUIRED  FOR  THE  ENERGY  EFFICIENCY  IMPROVEMENTS TO PROCEED AND
    33  FURTHER MAY DOCUMENT EXPECTED ENERGY SAVINGS, ANY EXPECTED REDUCTIONS IN
    34  GREENHOUSE GAS EMISSIONS, AND  ANY  OTHER  ENVIRONMENTAL,  ECONOMIC  AND
    35  PUBLIC  HEALTH  BENEFITS  EXPECTED FROM THE INSTALLATION OF THE IMPROVE-
    36  MENTS, INCLUDING THOSE ENUMERATED  IN  THE  SCOPING  PLANS  AND  RELATED
    37  VALUES  CREATED  PURSUANT  TO  ARTICLE SEVENTY-FIVE OF THE ENVIRONMENTAL
    38  CONSERVATION LAW.
    39    9. A FEASIBILITY STUDY MAY DOCUMENT  IMPROVEMENTS  AND  RELATED  COSTS
    40  THAT  ARE  REQUIRED  FOR THE RENEWABLE ENERGY SYSTEM OR QUALIFYING WATER
    41  IMPROVEMENTS  TO  PROCEED  AND  FURTHER  MAY  DOCUMENT  EXPECTED  ENERGY
    42  SAVINGS,  ANY  EXPECTED  REDUCTIONS IN GREENHOUSE GAS EMISSIONS, AND ANY
    43  OTHER ENVIRONMENTAL, ECONOMIC AND PUBLIC HEALTH BENEFITS  EXPECTED  FROM
    44  THE  INSTALLATION OF THE IMPROVEMENTS, INCLUDING THOSE ENUMERATED IN THE
    45  SCOPING PLANS AND RELATED VALUES CREATED PURSUANT  TO  ARTICLE  SEVENTY-
    46  FIVE OF THE ENVIRONMENTAL CONSERVATION LAW.
    47    10.  The  loan  made  under  the sustainable energy loan program shall
    48  constitute a lien upon the real property benefitted by such loan.
    49    [9.] 11. The municipal corporation may require the loan made under the
    50  sustainable energy loan program to  be  repaid  by  the  property  owner
    51  through  a  charge  on  the  real property benefitted by such loan. Such
    52  charge shall be on the real property, SHALL BE PAYABLE BY  THE  PROPERTY
    53  OWNER REGARDLESS OF TAX-PAYING OR TAX-EXEMPT STATUS, and shall be levied
    54  and  collected at the same time and in [the same] A manner [as] CONSIST-
    55  ENT WITH THE MANNER GENERALLY APPLIED TO municipal taxes (AND REGARDLESS
    56  OF WHETHER MUNICIPAL TAXES ARE ACTUALLY PAYABLE FOR SUCH REAL PROPERTY),
        A. 5404                             4

     1  provided that such charge shall be separately listed on  the  tax  bill,
     2  and provided further that in the event such charge should not be paid in
     3  a  timely  manner,  no  other municipal corporation shall be required to
     4  credit  or  otherwise  guarantee the amount of such unpaid charge to the
     5  municipal corporation which authorized  the  loan,  notwithstanding  any
     6  provision of law to the contrary.
     7    12. TO THE EXTENT ANY SUCH CHARGE IS NOT PAID WHEN DUE (AND REGARDLESS
     8  OF  THE TAX PAYMENT STATUS FOR THE REAL PROPERTY AND THE SATISFACTION OR
     9  NON-SATISFACTION OF OTHER MUNICIPAL TAXES), THE DELINQUENT CHARGE MAY BE
    10  ENFORCED OR FORECLOSED UNDER  ARTICLE  THIRTEEN  OF  THE  REAL  PROPERTY
    11  ACTIONS  AND  PROCEEDINGS  LAW  TO  THE EXTENT OF ANY UNPAID INSTALLMENT
    12  PAYMENTS. IN  ANY  EVENT  OF  ENFORCEMENT,  INCLUDING  FORECLOSURE,  THE
    13  BALANCE OF THE LIEN SHALL NOT ACCELERATE AND SHALL SURVIVE JUDGMENT. THE
    14  PROCEEDS RECEIVED IN AN ACTION TO ENFORCE AN UNPAID OR DELINQUENT CHARGE
    15  SHALL BE PAID FIRST TO OUTSTANDING REAL PROPERTY TAXES, MUNICIPAL CHARG-
    16  ES, OR OTHER MUNICIPAL LIENS.
    17    13.  THE  MUNICIPAL CORPORATION MAY ASSIGN THE ENFORCEMENT OR FORECLO-
    18  SURE OF A DELINQUENT CHARGE OR CHARGES,  IN  WHICH  EVENT  THE  ASSIGNEE
    19  SHALL HAVE AND POSSESS THE SAME POWERS AND RIGHTS AT LAW OR IN EQUITY AS
    20  THE  MUNICIPAL  CORPORATION  WOULD  HAVE  HAD  IT NOT BEEN ASSIGNED WITH
    21  REGARD TO THE PRECEDENCE AND PRIORITY OF SUCH  DELINQUENT  CHARGES,  THE
    22  ACCRUAL  OF  INTEREST  AND THE FEES AND EXPENSES OF COLLECTION. IN ADDI-
    23  TION, SUCH ASSIGNEE SHALL HAVE THE SAME RIGHTS TO  ENFORCE  SUCH  DELIN-
    24  QUENT  CHARGE  OR  CHARGES  AS  ANY PRIVATE PARTY HOLDING A LIEN ON REAL
    25  PROPERTY, INCLUDING, BUT NOT LIMITED TO, FORECLOSURE AND A SUIT  ON  THE
    26  DEBT.
    27    § 4. This act shall take effect immediately.