|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|May 25, 2022||referred to environmental conservation|
senate Bill S9417
Current Bill Status - In Senate Committee Environmental Conservation Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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
BILL NUMBER: S9417 SPONSOR: KRUEGER TITLE OF BILL: 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 PURPOSE: The purpose of the bill is to establish the climate change adaptation cost recovery program, which would require companies that have contrib- uted significantly to the buildup of greenhouse gases, the primary cause of climate change, to bear a share of the costs of infrastructure investments required to adapt to the impacts of climate change in New York State. SUMMARY OF SPECIFIC PROVISIONS: Section 1: Names the bill the Climate Change Superfund Act.
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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