Assembly Bill A9121

2023-2024 Legislative Session

Establishes the water resiliency projects fund; appropriation

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A9121 (ACTIVE) - Details

See Senate Version of this Bill:
S7764
Current Committee:
Assembly Environmental Conservation
Law Section:
State Finance Law
Laws Affected:
Add §99-rr, St Fin L

2023-A9121 (ACTIVE) - Summary

Establishes the water resiliency projects fund for flood mitigation, stormwater mitigation and other water related resiliency projects; makes an appropriation therefor.

2023-A9121 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9121
 
                           I N  A S S E M B L Y
 
                             February 7, 2024
                                ___________
 
 Introduced  by  M. of A. OTIS -- read once and referred to the Committee
   on Environmental Conservation
 
 AN ACT to amend the state finance law, in relation to  establishing  the
   water resiliency projects fund; and making an appropriation therefor
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The state finance law is amended by adding  a  new  section
 99-rr to read as follows:
   §  99-RR.  WATER  RESILIENCY  PROJECTS FUND. 1. THERE IS HEREBY ESTAB-
 LISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND COMMISSIONER OF
 TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE "WATER RESILIENCY
 PROJECTS FUND".
   2. SUCH FUND SHALL CONSIST OF ALL MONEYS APPROPRIATED THERETO FROM ANY
 OTHER FUND OR SOURCE PURSUANT TO LAW. NOTHING CONTAINED IN THIS  SECTION
 SHALL PREVENT THE STATE FROM RECEIVING GRANTS, GIFTS OR BEQUESTS FOR THE
 PURPOSES OF THE FUND AS DEFINED IN THIS SECTION AND DEPOSITING THEM INTO
 THE FUND ACCORDING TO LAW.
   3. ALL MONEYS DEPOSITED IN THE WATER RESILIENCY PROJECTS FUND SHALL BE
 AVAILABLE FOR PROJECTS UNDERTAKEN FOR FLOOD MITIGATION, STORMWATER MITI-
 GATION AND OTHER WATER-RELATED RESILIENCY PROJECTS.
   4.  MONEYS  SHALL BE PAYABLE FROM THE FUND ON THE AUDIT AND WARRANT OF
 THE COMPTROLLER ON VOUCHERS APPROVED AND CERTIFIED BY  THE  COMMISSIONER
 OF ENVIRONMENTAL CONSERVATION.
   §  2.  The  sum  of five hundred million dollars ($500,000,000), or so
 much thereof as may be necessary, is hereby appropriated  to  the  water
 resiliency  projects  fund  established pursuant to section 99-rr of the
 state finance law from any moneys in the state treasury in the New  York
 climate  action  fund established pursuant to section 99-qq of the state
 finance law not otherwise appropriated for the purposes of carrying  out
 the  provisions of this act.  Such sum shall be payable on the audit and
 warrant of the state comptroller on vouchers certified  or  approved  by
 the commissioner of environmental conservation in the manner provided by
 law.
   § 3. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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