Assembly Bill A1646

2011-2012 Legislative Session

Establishes the climate change solutions fund

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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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2011-A1646 (ACTIVE) - Details

See Senate Version of this Bill:
S1969
Current Committee:
Assembly 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: A7017, S5641
2013-2014: A186, S587
2015-2016: A5786

2011-A1646 (ACTIVE) - Summary

Establishes the climate change solutions fund.

2011-A1646 (ACTIVE) - Bill Text download pdf 

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

                                  1646

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 11, 2011
                               ___________

Introduced  by  M. of A. KAVANAGH, BING, BOYLAND, CAHILL, COLTON, ENGLE-
  BRIGHT, GALEF, JAFFEE, LIFTON, LUPARDO,  PAULIN,  ROSENTHAL,  SWEENEY,
  SCHIMEL -- Multi-Sponsored by -- M. of A. JACOBS, LATIMER, V. LOPEZ --
  read once and referred 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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04810-01-1

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