Public-domain · open source
OpenJurist

N.Y. Environmental Conservation Law § 58-0301

Allocation of moneys

Redline — January 1, 2022 → current.View current text →
Current — January 1, 2024
As of January 1, 2022
* § 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 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 Takes effect only if section 1 of part TT of chapter 59 of the\nlaws of 2021 enacting the environmental bond act of 2022 "restore mother\nnature" is submitted to the people at the general election to be held in\nNovember 2022 and is approved by the majority of votes\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.