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Assembly Bill A7611

2021-2022 Legislative Session

Relates to proceeds from the auction or sale of carbon dioxide emission allowances

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Archive: Last Bill Status - In Senate Committee Environmental Conservation Committee

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Bill Amendments

co-Sponsors

multi-Sponsors

2021-A7611 - Details

Current Committee:
Senate Environmental Conservation
Law Section:
Public Authorities Law
Laws Affected:
Add §1874, Pub Auth L

2021-A7611 - Summary

Prohibits proceeds from the auction or sale of carbon dioxide emission allowances pursuant to New York's participation in the regional greenhouse gas initiative (RGGI) from being transferred into the state general fund; provides that if such proceeds are transferred to the state general fund, they shall be used for the purposes directed by the RGGI.

2021-A7611 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7611
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2021
                                ___________
 
 Introduced  by M. of A. KELLES, ENGLEBRIGHT, THIELE, SEPTIMO, BURDICK --
   Multi-Sponsored by -- M. of A. STECK -- read once and referred to  the
   Committee on Environmental Conservation
 
 AN ACT to amend the public authorities law, in relation to proceeds from
   the auction or sale of carbon dioxide emission allowances

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The public authorities law  is  amended  by  adding  a  new
 section 1874 to read as follows:
   §  1874. CARBON DIOXIDE EMISSION ALLOWANCES. NOTWITHSTANDING ANY OTHER
 LAW, RULE, OR REGULATION TO THE  CONTRARY,  PROCEEDS  COLLECTED  BY  THE
 AUTHORITY FROM THE AUCTION OR SALE OF CARBON DIOXIDE EMISSION ALLOWANCES
 ALLOCATED  BY  THE  DEPARTMENT OF ENVIRONMENTAL CONSERVATION PURSUANT TO
 THE REGIONAL GREENHOUSE GAS INITIATIVE (RGGI), IMPLEMENTED IN  NEW  YORK
 STATE  PURSUANT TO 21 NYCRR PART 507, SHALL BE DEPOSITED INTO THE ENERGY
 EFFICIENCY AND CLEAN ENERGY TECHNOLOGY ACCOUNT ESTABLISHED  PURSUANT  TO
 21  NYCRR  PART 507.4. SUCH PROCEEDS SHALL NOT BE MOVED, TRANSFERRED, OR
 OTHERWISE ALLOCATED TO THE STATE TREASURY TO THE  CREDIT  OF  THE  STATE
 GENERAL FUND; PROVIDED, HOWEVER, THAT IF SUCH PROCEEDS ARE MOVED, TRANS-
 FERRED,  OR  OTHERWISE  ALLOCATED TO THE STATE TREASURY TO THE CREDIT OF
 THE STATE GENERAL FUND: (A) SUCH PROCEEDS SHALL BE USED FOR THE PURPOSES
 DIRECTED UNDER 21 NYCRR PART 507.4; AND (B) THE STATE COMPTROLLER  SHALL
 SUBMIT A REPORT TO THE TEMPORARY PRESIDENT OF THE SENATE, THE SPEAKER OF
 THE  ASSEMBLY, AND THE GOVERNOR CONTAINING A DETAILED DESCRIPTION OF THE
 USE OF SUCH PROCEEDS.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10938-01-1

co-Sponsors

multi-Sponsors

2021-A7611A - Details

Current Committee:
Senate Environmental Conservation
Law Section:
Public Authorities Law
Laws Affected:
Add §1874, Pub Auth L

2021-A7611A - Summary

Prohibits proceeds from the auction or sale of carbon dioxide emission allowances pursuant to New York's participation in the regional greenhouse gas initiative (RGGI) from being transferred into the state general fund; provides that if such proceeds are transferred to the state general fund, they shall be used for the purposes directed by the RGGI.

2021-A7611A - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7611--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2021
                                ___________
 
 Introduced  by  M.  of A. KELLES, ENGLEBRIGHT, THIELE, SEPTIMO, BURDICK,
   EPSTEIN, OTIS, GRIFFIN, GLICK -- Multi-Sponsored by -- M. of A.  STECK
   --  read once and referred to the Committee on Environmental Conserva-
   tion -- reported and referred to the Committee on Ways  and  Means  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT to amend the public authorities law, in relation to proceeds from
   the auction or sale of carbon dioxide emission allowances
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  public  authorities  law  is amended by adding a new
 section 1874 to read as follows:
   § 1874. CARBON DIOXIDE EMISSION ALLOWANCES. NOTWITHSTANDING ANY  OTHER
 LAW,  RULE,  OR  REGULATION  TO  THE CONTRARY, PROCEEDS COLLECTED BY THE
 AUTHORITY FROM THE AUCTION OR SALE OF CARBON DIOXIDE EMISSION ALLOWANCES
 ALLOCATED BY THE DEPARTMENT OF ENVIRONMENTAL  CONSERVATION  PURSUANT  TO
 THE  REGIONAL  GREENHOUSE GAS INITIATIVE (RGGI), IMPLEMENTED IN NEW YORK
 STATE PURSUANT TO 21 NYCRR PART 507, SHALL BE DEPOSITED INTO THE  ENERGY
 EFFICIENCY  AND  CLEAN ENERGY TECHNOLOGY ACCOUNT ESTABLISHED PURSUANT TO
 21 NYCRR PART 507.4. SUCH PROCEEDS SHALL NOT BE MOVED,  TRANSFERRED,  OR
 OTHERWISE  ALLOCATED  TO  THE  STATE TREASURY TO THE CREDIT OF THE STATE
 GENERAL FUND; PROVIDED, HOWEVER, THAT IF SUCH PROCEEDS ARE MOVED, TRANS-
 FERRED, OR OTHERWISE ALLOCATED TO THE STATE TREASURY TO  THE  CREDIT  OF
 THE STATE GENERAL FUND: (A) SUCH PROCEEDS SHALL BE USED FOR THE PURPOSES
 DIRECTED  UNDER 21 NYCRR PART 507.4; AND (B) THE STATE COMPTROLLER SHALL
 SUBMIT A REPORT TO THE TEMPORARY PRESIDENT OF THE SENATE, THE SPEAKER OF
 THE ASSEMBLY, AND THE GOVERNOR CONTAINING A DETAILED DESCRIPTION OF  THE
 USE OF SUCH PROCEEDS.
   § 2. This act shall take effect on March 31, 2022.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10938-02-1

co-Sponsors

multi-Sponsors

2021-A7611B (ACTIVE) - Details

Current Committee:
Senate Environmental Conservation
Law Section:
Public Authorities Law
Laws Affected:
Add §1874, Pub Auth L

2021-A7611B (ACTIVE) - Summary

Prohibits proceeds from the auction or sale of carbon dioxide emission allowances pursuant to New York's participation in the regional greenhouse gas initiative (RGGI) from being transferred into the state general fund; provides that if such proceeds are transferred to the state general fund, they shall be used for the purposes directed by the RGGI.

2021-A7611B (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7611--B
                                                         Cal. No. 261
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2021
                                ___________
 
 Introduced  by  M.  of A. KELLES, ENGLEBRIGHT, THIELE, SEPTIMO, BURDICK,
   EPSTEIN, OTIS, GRIFFIN,  GLICK,  COLTON,  GOTTFRIED,  L. ROSENTHAL  --
   Multi-Sponsored  by -- M. of A. STECK -- read once and referred to the
   Committee on Environmental Conservation -- reported  and  referred  to
   the Committee on Ways and Means -- committee discharged, bill amended,
   ordered  reprinted  as  amended  and  recommitted to said committee --
   ordered to a third reading, amended and ordered  reprinted,  retaining
   its place on the order of third reading
 
 AN ACT to amend the public authorities law, in relation to proceeds from
   the auction or sale of carbon dioxide emission allowances
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The public authorities law  is  amended  by  adding  a  new
 section 1874 to read as follows:
   §  1874. CARBON DIOXIDE EMISSION ALLOWANCES. NOTWITHSTANDING ANY OTHER
 LAW, RULE, OR REGULATION TO THE  CONTRARY,  PROCEEDS  COLLECTED  BY  THE
 AUTHORITY FROM THE AUCTION OR SALE OF CARBON DIOXIDE EMISSION ALLOWANCES
 ALLOCATED  BY  THE  DEPARTMENT OF ENVIRONMENTAL CONSERVATION PURSUANT TO
 THE REGIONAL GREENHOUSE GAS INITIATIVE (RGGI), IMPLEMENTED IN  NEW  YORK
 STATE  PURSUANT TO 21 NYCRR PART 507, SHALL BE DEPOSITED INTO THE ENERGY
 EFFICIENCY AND CLEAN ENERGY TECHNOLOGY ACCOUNT ESTABLISHED  PURSUANT  TO
 21  NYCRR  PART 507.4. SUCH PROCEEDS SHALL NOT BE MOVED, TRANSFERRED, OR
 OTHERWISE ALLOCATED TO THE STATE TREASURY TO THE  CREDIT  OF  THE  STATE
 GENERAL FUND; PROVIDED, HOWEVER, THAT IF SUCH PROCEEDS ARE MOVED, TRANS-
 FERRED,  OR  OTHERWISE  ALLOCATED TO THE STATE TREASURY TO THE CREDIT OF
 THE STATE GENERAL FUND: (A) SUCH PROCEEDS SHALL BE USED FOR THE PURPOSES
 DIRECTED UNDER 21 NYCRR PART 507.4; AND (B) THE STATE COMPTROLLER  SHALL
 SUBMIT A REPORT TO THE TEMPORARY PRESIDENT OF THE SENATE, THE SPEAKER OF
 THE  ASSEMBLY, AND THE GOVERNOR CONTAINING A DETAILED DESCRIPTION OF THE
 USE OF SUCH PROCEEDS.
   § 2. This act shall take effect on March 31, 2023.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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