| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Mar 23, 2026 |
notice of committee consideration - requested |
| Feb 06, 2026 |
print number 8461a |
| Feb 06, 2026 |
amend and recommit to finance |
| Jan 07, 2026 |
referred to finance |
| Jul 18, 2025 |
referred to rules |
Senate Bill S8461A
2025-2026 Legislative Session
Sponsored By
(R, C) 58th Senate District
Current Bill Status - In Senate Committee Finance Committee
Actions
Bill Amendments
co-Sponsors
(R) 43rd Senate District
(R, C) 57th Senate District
(R, C) 9th Senate District
(R, C) 17th Senate District
2025-S8461 - Details
- See Assembly Version of this Bill:
- A8876
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §99-qq, St Fin L
2025-S8461 - Sponsor Memo
BILL NUMBER: S8461
SPONSOR: O'MARA
TITLE OF BILL:
An act to amend the state finance law, in relation to the use of funds
in the New York state climate investment account
PURPOSE OR GENERAL IDEA OF BILL:
requires the transfer of certain uncommitted funds to ratepayers.
SUMMARY OF PROVISIONS:
Section 1 amends the state finance law to require the transfer of funds
held by NYSERDA and the PSC to ratepayers via a credit. Click hene to
enter text.
JUSTIFICATION:
This bill ensures that any uncommitted funds remaining in the Climate
2025-S8461 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
8461
2025-2026 Regular Sessions
I N S E N A T E
July 18, 2025
___________
Introduced by Sen. O'MARA -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT to amend the state finance law, in relation to the use of funds
in the New York state climate investment account
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (c) of subdivision 3 of section 99-qq of the
state finance law, as added by section 2 of part TT of chapter 56 of the
laws of 2023, is amended to read as follows:
(c) The New York climate action fund climate investment account shall
consist of moneys received by the state pursuant to paragraph (c) of
subdivision twenty-five of section eighteen hundred fifty-four of the
public authorities law, and all other moneys appropriated, credited, or
transferred thereto from any other fund or source pursuant to law.
Moneys of the account shall be made available for the purposes of
assisting the state in transitioning to a less carbon intensive economy,
including but not limited to: (i) purposes which are consistent with the
general findings of the scoping plan prepared pursuant to section
75-0103 of the environmental conservation law; (ii) administrative and
implementation costs, auction design and support costs, program design,
evaluation, and other associated costs; and (iii) measures which prior-
itize disadvantaged communities by supporting actions consistent with
the requirements of paragraph d of subdivision three of section 75-0109
and of section 75-0117 of the environmental conservation law, identified
through community decision-making and stakeholder input, including early
action to reduce greenhouse gas emissions in disadvantaged communities;
PROVIDED, HOWEVER, THAT ANY UNCOMMITTED FUNDS REMAINING IN THE ACCOUNT
AT THE END OF EACH FISCAL YEAR THAT WERE COLLECTED BY UTILITIES ON A
BILL-AS-YOU-GO BASIS PURSUANT TO THE CLEAN ENERGY FUND FRAMEWORK ORDERED
BY THE PUBLIC SERVICE COMMISSION MAY BE CREDITED TO RATEPAYER ACCOUNTS.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13285-03-5
co-Sponsors
(R) 43rd Senate District
(R, C) 57th Senate District
(R, C) 9th Senate District
(R, C) 17th Senate District
2025-S8461A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8876
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §99-qq, St Fin L
2025-S8461A (ACTIVE) - Sponsor Memo
BILL NUMBER: S8461A
SPONSOR: O'MARA
TITLE OF BILL:
An act to amend the state finance law, in relation to the use of funds
in the New York state climate investment account
PURPOSE OR GENERAL IDEA OF BILL:
requires the transfer of certain uncommitted funds to ratepayers.
SUMMARY OF PROVISIONS:
Section 1 amends the state finance law to require the transfer of funds
held by NYSERDA and the PSC to ratepayers via a credit. Click here to
enter text.
JUSTIFICATION:
This bill ensures that any uncommitted funds remaining in the Climate
2025-S8461A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
8461--A
2025-2026 Regular Sessions
I N S E N A T E
July 18, 2025
___________
Introduced by Sens. O'MARA, ASHBY, BORRELLO, CANZONERI-FITZPATRICK,
CHAN, HELMING, MARTINS, STEC, WEBER -- read twice and ordered printed,
and when printed to be committed to the Committee on Rules -- recom-
mitted to the Committee on Finance in accordance with Senate Rule 6,
sec. 8 -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
AN ACT to amend the state finance law, in relation to the use of funds
in the New York state climate investment account
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (c) of subdivision 3 of section 99-qq of the
state finance law, as added by section 2 of part TT of chapter 56 of the
laws of 2023, is amended to read as follows:
(c) The New York climate action fund climate investment account shall
consist of moneys received by the state pursuant to paragraph (c) of
subdivision twenty-five of section eighteen hundred fifty-four of the
public authorities law, and all other moneys appropriated, credited, or
transferred thereto from any other fund or source pursuant to law.
Moneys of the account shall be made available for the purposes of
assisting the state in transitioning to a less carbon intensive economy,
including but not limited to: (i) purposes which are consistent with the
general findings of the scoping plan prepared pursuant to section
75-0103 of the environmental conservation law; (ii) administrative and
implementation costs, auction design and support costs, program design,
evaluation, and other associated costs; and (iii) measures which prior-
itize disadvantaged communities by supporting actions consistent with
the requirements of paragraph d of subdivision three of section 75-0109
and of section 75-0117 of the environmental conservation law, identified
through community decision-making and stakeholder input, including early
action to reduce greenhouse gas emissions in disadvantaged communities;
PROVIDED, HOWEVER, THAT ANY SURPLUS OR UNCOMMITTED FUNDS REMAINING IN
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13285-04-6
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