assembly Bill A5786

2015-2016 Legislative Session

Establishes the climate change solutions fund

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Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • 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 06, 2016 referred to environmental conservation
Mar 04, 2015 referred to environmental conservation

Co-Sponsors

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A5786 - Details

Current Committee:
Assembly Environmental Conservation
Law Section:
Environmental Conservation Law
Laws Affected:
Amd §19-0301, En Con L; add §92-j, St Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7017
2011-2012: A1646
2013-2014: A186

A5786 - Summary

Establishes the climate change solutions fund.

A5786 - Bill Text download pdf

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

                                  5786

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              March 4, 2015
                               ___________

Introduced  by  M.  of  A. KAVANAGH, CAHILL, COLTON, ENGLEBRIGHT, GALEF,
  JAFFEE, LIFTON, LUPARDO, PAULIN, ROSENTHAL, SCHIMEL -- 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-J OF THE STATE FINANCE LAW.
  S 2. The state finance law is amended by adding a new section 92-j  to
read as follows:
  S  92-J. 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.
                                                           LBD03174-01-5

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