senate Bill S587

2013-2014 Legislative Session

Establishes the climate change solutions fund

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Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to environmental conservation
Jan 09, 2013 referred to environmental conservation

Co-Sponsors

S587 - Details

See Assembly Version of this Bill:
A186
Law Section:
Environmental Conservation Law
Laws Affected:
Amd §19-0301, En Con L; add §92-t, St Fin L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S1969, A1646
2009-2010: S5641A, A7017A

S587 - Summary

Establishes the climate change solutions fund.

S587 - Sponsor Memo

S587 - 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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