New York A07783 directs the Office of Renewable Energy Siting and Electric Transmission to create a procedure for processing letters of credit for.

New York A07783 amends the public service law to require the Office of Renewable Energy Siting and Electric Transmission (ORES) to develop a procedure for processing letters of credit for siting permits. This procedure will be available to any municipality that chooses to have ORES process and maintain the required financial security or letter of credit in their permitting process. The bill also mandates that ORES, in consultation with the relevant department, promulgate rules and regulations for the siting permit program and any necessary modifications.

New York A07783 directs the Office of Renewable Energy Siting and Electric Transmission to create a procedure for processing letters of credit for.

New York A07783 amends the public service law to require the Office of Renewable Energy Siting and Electric Transmission (ORES) to develop a procedure for processing letters of credit for siting permits. This procedure will be available to any municipality that chooses to have ORES process and maintain the required financial security or letter of credit in their permitting process. The bill also mandates that ORES, in consultation with the relevant department, promulgate rules and regulations for the siting permit program and any necessary modifications.