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N.Y. Environmental Conservation Law § 58-0301

Allocation of moneys

Redline — January 1, 2021 → current.View current text →
Current — January 1, 2024
As of January 1, 2021
* § 58-0301. Allocation of moneys.\n Of the moneys received by the state from the sale of bonds pursuant to\nthe environmental bond act of 2020, not less than one billion dollars\n($1,000,000,000) shall be available for disbursements for restoration\nand flood risk reduction projects developed pursuant to section 58-0303\nof this title. Not more than two hundred fifty million dollars\n($250,000,000) of this amount shall be available for projects pursuant\nto subdivision two of section 58-0303 of this title and not less than\none hundred million dollars ($100,000,000) each shall be available for\ncoastal rehabilitation and shoreline restoration projects and projects\nwhich address inland flooding, pursuant to paragraph a of subdivision\none of section 58-0303 of this title.\n * NB Effective upon a vote of the people in a general election held in\nNovember 2020 approving the environmental bond act of 2020 set forth in\nchapter 58 of 2020 Part QQ § 1\n
§ 58-0301. Allocation of moneys.\n Of the moneys received by the state from the sale of bonds pursuant to\nthe environmental bond act of 2022, not less than one billion one\nhundred million dollars ($1,100,000,000) shall be available for\ndisbursements for restoration and flood risk reduction projects\ndeveloped pursuant to section 58-0303 of this title. Not more than two\nhundred fifty million dollars ($250,000,000) of this amount shall be\navailable for projects pursuant to subdivision two of section 58-0303 of\nthis title and not less than one hundred million dollars ($100,000,000)\neach shall be available for coastal rehabilitation and shoreline\nrestoration projects and projects which address inland flooding,\npursuant to paragraph a of subdivision one of section 58-0303 of this\ntitle.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.