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Senate Bill S5730

2025-2026 Legislative Session

Establishes the water resiliency projects fund; appropriation

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Current Bill Status - In Senate Committee Finance Committee

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2025-S5730 (ACTIVE) - Details

See Assembly Version of this Bill:
A7104
Current Committee:
Senate Finance
Law Section:
Appropriations
Laws Affected:
Add §99-ss, St Fin L
Versions Introduced in 2023-2024 Legislative Session:
S7764, A9121

2025-S5730 (ACTIVE) - Summary

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

2025-S5730 (ACTIVE) - Sponsor Memo

2025-S5730 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5730
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 28, 2025
                                ___________
 
 Introduced  by  Sens.  HARCKHAM, KAVANAGH, MAY -- read twice and ordered
   printed, and when printed to be committed to the Committee on Finance
 
 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-ss to read as follows:
   §  99-SS.  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-ss 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10452-01-5

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