senate Bill S9417

2021-2022 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Environmental Conservation 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 (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 25, 2022 referred to environmental conservation

S9417 (ACTIVE) - Details

Current Committee:
Senate 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

S9417 (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.

S9417 (ACTIVE) - Sponsor Memo

S9417 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9417
 
                             I N  S E N A T E
 
                               May 25, 2022
                                ___________
 
 Introduced  by  Sen. KRUEGER -- 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,  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

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   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
 following:
   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
 infrastructure.
   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.

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