[Hearings] [1983]
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CURRENT FUNCTIONS. The Power Authority is responsible for providing an adequate supply of safe and economical power for the citizens of New York State. It accomplishes this by financing, constructing, and operating electric generation and transmission facilities in New York State. Construction is financed through the sale of tax-exempt bonds and may be undertaken by the authority on its own or in cooperation with private utilities. Operational costs are funded by revenue...
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During the 1970's and 1980's, there was increased awareness that New York State's infrastructure, consisting of roads, bridges and other public works, were beginning to deteriorate at an alarming rate. State and local government began to examine ways to solve this crisis. On behalf of the New York State Legislature, its Commission on Science and Technology drafted legislation to finance and carry out a comprehensive program of regular maintenance and repair of these public works. Fro...
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