N.Y. Environmental Conservation Law § 58-0701
Allocation of moneys
Redline — January 1, 2022 → current.View current text →
Current — January 1, 2024
As of January 1, 2022
* § 58-0701. Allocation of moneys.\n Of the moneys received by the state from the sale of bonds pursuant to\nthe environmental bond act of 2022, up to seven hundred million dollars\n($700,000,000) shall be made available for disbursements for climate\nchange mitigation projects developed pursuant to section 58-0703 of this\ntitle. Not less than three hundred fifty million dollars ($350,000,000)\nof this amount shall be available for green buildings projects.\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
§ 58-0701. Allocation of moneys.\n Of the moneys received by the state from the sale of bonds pursuant to\nthe environmental bond act of 2022, up to one billion five hundred\nmillion dollars ($1,500,000,000) shall be made available for\ndisbursements for climate change mitigation projects developed pursuant\nto section 58-0703 of this title. Not less than four hundred million\ndollars ($400,000,000) of this amount shall be available for green\nbuildings projects, not less than one hundred million dollars\n($100,000,000) for climate adaptation and mitigation projects pursuant\nto paragraph c of subdivision one of section 58-0703 of this title, not\nless than two hundred million dollars ($200,000,000) shall be available\nfor disbursement to reduce or eliminate water pollution or air pollution\naffecting disadvantaged communities pursuant to paragraphs f and g of\nsubdivision one of section 58-0703 of this title, and not less than five\nhundred million dollars ($500,000,000) for costs associated with the\npurchase of or conversion to zero emission school buses and supporting\ninfrastructure as set forth in paragraph h of subdivision one of section\n58-0703 of this title.\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.