Governor Cuomo released the NYSun Initiative in April, 2012. Part of the proposal calls for a pilot 50 megawatt solar power feed-in-tariff program to be run by the Long Island Power Authority (LIPA). The Initiative calls for LIPA to set rates for the purchase electricity from private producers of solar power and enter into long-term 20 year contracts. With these contracts, suppliers will be able to obtain funding from banks and investors for the installation of new solar arrays. Proposed LIPA regulations are subject to public comment.