|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to environmental conservation|
|Jan 09, 2013||referred to environmental conservation|
senate Bill S587
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S587 - Details
S587 - Sponsor Memo
BILL NUMBER:S587 TITLE OF BILL: An act to amend the environmental conservation law and the state finance law, in relation to the climate change solutions fund PURPOSE OR GENERAL IDEA OF BILL: This bill would create the Climate Change Solutions Fund within the state finance law to receive proceeds from the auction of emissions allowances, specifically those associated with the Regional Greenhouse Gas Initiative (RGGI). SUMMARY OF SPECIFIC PROVISIONS: This bill would: * provide for the deposit of revenues raised from the auction of any emissions allowances by the Commissioner of the Department of Environmental Conservation (DEC) into the Climate Change Solutions Fund; * establish the Climate Change Solutions Fund in the state finance law and the following accounts within the Fund: a climate change transfer account; a greenhouse gas emission reduction account; an energy efficiency account; a renewable energy development account; and a clean air account; and,
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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