assembly Bill A10556

2021-2022 Legislative Session

Establishes the climate change adaptation cost recovery program and the climate change adaptation fund

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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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view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 06, 2022 referred to environmental conservation


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A10556 (ACTIVE) - Details

See Senate Version of this Bill:
Current Committee:
Assembly Environmental Conservation
Law Section:
Environmental Conservation Law
Laws Affected:
Add Art 76 §§76-0101 & 76-0103, En Con L; add §97-k, St Fin L
Versions Introduced in 2023-2024 Legislative Session:
A3351, S2129

A10556 (ACTIVE) - Summary

Establishes the climate change adaptation cost recovery program to require companies that have contributed significantly to the buildup of climate-warming greenhouse gases in the atmosphere to bear a share of the costs of needed infrastructure investments to adapt to climate change; establishes the climate change adaptation fund.

A10556 (ACTIVE) - Bill Text download pdf

                     S T A T E   O F   N E W   Y O R K
                           I N  A S S E M B L Y
                               July 6, 2022
 Introduced by COMMITTEE ON RULES -- (at request of M. of A. Dinowitz) --
   read once and referred to the Committee on Environmental Conservation
 AN  ACT  to  amend  the  environmental  conservation law, in relation to
   establishing the climate change adaptation cost recovery program;  and
   to  amend  the  state  finance  law,  in  relation to establishing the
   climate change adaptation fund

   Section  1.  This  act shall be known and may be cited as the "climate
 change superfund act".
   § 2. Legislative findings. The  legislature  finds  and  declares  the
   1.  Climate  change, resulting primarily from the combustion of fossil
 fuels, is an immediate, grave threat to the state's  communities,  envi-
 ronment,  and  economy. In addition to mitigating the further buildup of
 greenhouse gases, the state must take action to adapt to certain  conse-
 quences  of  climate  change that are irreversible, including rising sea
 levels, increasing temperatures, extreme weather events, flooding,  heat
 waves,  toxic  algal  blooms  and  other  climate-change-driven threats.
 Maintaining New York's quality of life into the future, particularly for
 young people, who will experience greater impacts  from  climate  change
 over  their  lifetimes,  will  be one of the state's greatest challenges
 over the next three decades.  Meeting  that  challenge  will  require  a
 shared  commitment  of  purpose  and huge investments in new or upgraded
   2. New York has previously adopted programs now in place -  the  inac-
 tive hazardous waste disposal site (state superfund) program and the oil
 spill fund - to remediate environmental damage to lands and waters based
 on  the  principle  that,  where  possible, the entities responsible for
 environmental damage should pay for  its  cleanup.  No  similar  program
 exists yet for the pollution of the atmosphere by greenhouse gas buildup
 as a result of burning fossil fuels.
   3.  Based  on decades of research it is now possible to determine with
 great accuracy the share of greenhouse gases released  into  the  atmos-
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.