Senate Bill S587

2013-2014 Legislative Session

Establishes the climate change solutions fund

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Environmental Conservation Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-S587 (ACTIVE) - Details

See Assembly Version of this Bill:
A186
Current Committee:
Senate Environmental Conservation
Law Section:
Environmental Conservation Law
Laws Affected:
Amd §19-0301, En Con L; add §92-t, St Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S5641, A7017
2011-2012: S1969, A1646
2015-2016: A5786

2013-S587 (ACTIVE) - Summary

Establishes the climate change solutions fund.

2013-S587 (ACTIVE) - Sponsor Memo

2013-S587 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   587

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by Sen. GIANARIS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Environmental Conservation

AN ACT to amend the environmental conservation law and the state finance
  law, in relation to the climate change solutions fund

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

  Section  1.  Subdivision  1  of  section  19-0301 of the environmental
conservation law is amended by adding a  new  paragraph  g  to  read  as
follows:
  G.  PROVIDE  FOR THE DEPOSIT OF REVENUES FROM THE AUCTION OF ANY EMIS-
SIONS ALLOWANCES FOR AIR CONTAMINANTS TO THE  CLIMATE  CHANGE  SOLUTIONS
FUND ESTABLISHED BY SECTION NINETY-TWO-T OF THE STATE FINANCE LAW.
  S  2. The state finance law is amended by adding a new section 92-t to
read as follows:
  S 92-T. CLIMATE CHANGE SOLUTIONS FUND. 1. THERE IS HEREBY  ESTABLISHED
IN  THE  JOINT  CUSTODY OF THE STATE COMPTROLLER AND THE COMMISSIONER OF
TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE  "CLIMATE  CHANGE
SOLUTIONS FUND".
  2.  THE  CLIMATE  CHANGE  SOLUTIONS FUND SHALL CONSIST OF THE PROCEEDS
COLLECTED FROM THE AUCTION OF ANY EMISSIONS ALLOWANCES FOR  AIR  CONTAM-
INANTS  AS  PROVIDED FOR DEPOSIT INTO SUCH FUND UNDER SECTION 19-0301 OF
THE ENVIRONMENTAL CONSERVATION LAW AND ANY INTEREST  GENERATED  BY  SUCH
FUND AND ANY OTHER MONIES MADE AVAILABLE FOR SUCH PURPOSES.
  3.  ALL  MONIES RECEIVED BY THE COMPTROLLER FOR DEPOSIT IN THE CLIMATE
CHANGE SOLUTIONS FUND SHALL BE DEPOSITED FIRST  TO  THE  CREDIT  OF  THE
CLIMATE  CHANGE  TRANSFER  ACCOUNT. NO MONIES SHALL BE EXPENDED FROM ANY
SUCH ACCOUNT FOR ANY PROJECT EXCEPT PURSUANT  TO  APPROPRIATION  BY  THE
LEGISLATURE.
  A. ALL MONEYS HERETOFORE AND HEREAFTER DEPOSITED IN THE CLIMATE CHANGE
TRANSFER  ACCOUNT  SHALL BE TRANSFERRED BY THE COMPTROLLER TO THE ENERGY

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

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