Assembly Actions -
Senate Actions - UPPERCASE
|Jan 03, 2024
referred to energy and telecommunications
|Jan 18, 2023
referred to energy and telecommunications
Senate Bill S2073
2023-2024 Legislative Session
Current Bill Status - In Senate Committee Energy And Telecommunications Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2023-S2073 (ACTIVE) - Details
2023-S2073 (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.
2023-S2073 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2073 SPONSOR: MAY TITLE OF BILL: An act to amend the public authorities law, in relation to proceeds from the auction or sale of carbon dioxide emission allowances PURPOSE: The purpose of this bill is to ensure that climate and clean energy funds raised by the state are not diverted or transferred for uses that are inconsistent with their intended purpose. SUMMARY OF PROVISIONS: The public authorities law is amended to add a new section 1874 provid- ing that funds received by the Regional Greenhouse Gas Initiative (RGGI) shall be deposited in the energy efficiency and clean energy technology account; further, the proceeds shall not be moved, transferred or other- wise allocated to the credit of the general fund.
2023-S2073 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2073 2023-2024 Regular Sessions I N S E N A T E January 18, 2023 ___________ Introduced by Sens. MAY, HARCKHAM, HINCHEY, HOYLMAN-SIGAL, KRUEGER, MYRIE, SEPULVEDA -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommunications 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, 2025. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00490-01-3
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