2016 New York Laws
ENV - Environmental Conservation
Article 15 - WATER RESOURCES
Title 17 - (15-1701 - 15-1751) WATER POWER
15-1717 - Provisions for the revision and readjustment of rent in licenses.

15-1717. Provisions  for  the  revision  and  readjustment  of rent in
           licenses.
1. The annual charge or rental fixed by the department shall  continue
  for  the  period  of  the  license,  unless  the  license provides for a
  readjustment of the charge or rental at a specified time  or  times,  in
  which case the charge or rental, as fixed by the license, may be revised
  and  readjusted by the department according to the terms of the license.
  Payments on account of any such charge or rental shall be treated  as  a
  part of the operating expense.
2.  The licensee shall be given ten days' notice of the time and place
  of the meeting of the department at which the question of  the  revision
  and  readjustment  of  such  charge  or rental will be considered.   The
  revision and readjustment shall be in the form of a  resolution  adopted
  by  the  department and thereafter, the revised and readjusted rental or
  charge, unless reviewed and reversed or  modified  as  herein  provided,
  shall apply to and govern the license.
3.  Any  such decision may be reviewed by the licensee pursuant to the
  provisions of section 15-0905.
4. Pending the final determination  of  the  review  proceedings,  the
  licensee  shall  pay  to  the state the revised and readjusted rental or
  charge as fixed by the department; and if it shall  be  determined  that
  the rental or charge shall be revised, the licensee shall be credited on
  later  payments  with  any  excess he may pay over the rental as finally
  fixed, with interest. If the credits be  insufficient  to  satisfy  such
  excess, the licensee may recover the balance in the Court of Claims.