Assembly Bill A7736

2021-2022 Legislative Session

Relates to the investment of funds to combat climate change

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A7736 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Environmental Conservation Law
Laws Affected:
Amd §75-0117, En Con L

2021-A7736 (ACTIVE) - Summary

Relates to the investment of funds to combat climate change to provide forty percent of overall benefits of spending on clean energy and energy efficiency programs, projects or investments in the areas of housing, workforce development, pollution reduction, low income energy assistance, energy, transportation and economic development to disadvantaged communities.

2021-A7736 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7736
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 20, 2021
                                ___________
 
 Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
   Committee on Environmental Conservation
 
 AN ACT to amend the  environmental  conservation,  in  relation  to  the
   investment of funds to combat climate change
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 75-0117 of the environmental conservation  law,  as
 added by chapter 106 of the laws of 2019, is amended to read as follows:
 § 75-0117. Investment of funds.
   State  agencies,  authorities  and  entities, in consultation with the
 environmental justice working group  and  the  climate  action  council,
 shall,  to  the extent practicable, invest or direct available and rele-
 vant programmatic resources [in a manner designed] to  [achieve  a  goal
 for disadvantaged communities to receive] PROVIDE forty percent of over-
 all benefits of spending on clean energy and energy efficiency programs,
 projects  or investments in the areas of housing, workforce development,
 pollution reduction, low income energy assistance,  energy,  transporta-
 tion  and  economic  development[,  provided however, that disadvantaged
 communities shall receive no less than thirty-five percent of the  over-
 all benefits of spending on clean energy and energy efficiency programs,
 projects or investments and provided further that this section shall not
 alter  funds already contracted or committed as of the effective date of
 this section] TO DISADVANTAGED COMMUNITIES.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09187-02-1

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