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This entry was published on 2022-05-13
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SECTION 58-0701
Allocation of moneys
Environmental Conservation (ENV) CHAPTER 43-B, ARTICLE 58, TITLE 7
* § 58-0701. Allocation of moneys.

Of the moneys received by the state from the sale of bonds pursuant to
the environmental bond act of 2022, up to one billion five hundred
million dollars ($1,500,000,000) shall be made available for
disbursements for climate change mitigation projects developed pursuant
to section 58-0703 of this title. Not less than four hundred million
dollars ($400,000,000) of this amount shall be available for green
buildings projects, not less than one hundred million dollars
($100,000,000) for climate adaptation and mitigation projects pursuant
to paragraph c of subdivision one of section 58-0703 of this title, not
less than two hundred million dollars ($200,000,000) shall be available
for disbursement to reduce or eliminate water pollution or air pollution
affecting disadvantaged communities pursuant to paragraphs f and g of
subdivision one of section 58-0703 of this title, and not less than five
hundred million dollars ($500,000,000) for costs associated with the
purchase of or conversion to zero emission school buses and supporting
infrastructure as set forth in paragraph h of subdivision one of section
58-0703 of this title.

* NB Takes effect only if section 1 of part TT of chapter 59 of the
laws of 2021 enacting the "clean water, clean air, and green jobs
environmental bond act of 2022" is submitted to the people at the
general election to be held in November 2022 and is approved by the
majority of votes