NY State Senate Bill 2023-S7764

Current Bill Status - In Senate Committee Finance 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2024	referred to finance
Nov 20, 2023	referred to finance

co-Sponsors

2023-S7764 (ACTIVE) - Details

See Assembly Version of this Bill:: A9121
Current Committee:: Senate Finance
Law Section:: Appropriations
Laws Affected:: Add §99-rr, St Fin L

2023-S7764 (ACTIVE) - Summary

Establishes the water resiliency projects fund for flood mitigation, stormwater mitigation and other water related resiliency projects; makes an appropriation therefor.

2023-S7764 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7764

SPONSOR: HARCKHAM
 
TITLE OF BILL:

An act to amend the state finance law, in relation to establishing the
water resiliency projects fund; and making an appropriation therefor

 
PURPOSE:

Establishes a fund for state water-related resiliency projects, such as
flood mitigation and stormwater mitigation, under the joint custody of
the state comptroller and the commissioner of taxation and finance.

 
SUMMARY OF PROVISIONS:

Section 1 amends the state finance law to establish a "water resiliency
projects fund" with guidance for sourcing and dispersion of funds.

Section 2 appropriates funds from the Climate Action Fund as necessary
for water resiliency projects given approval from the state comptroller
or commissioner of environmental conservation.

Section 3 states the effective date.

 
JUSTIFICATION:

Since 2000, the U.S. East Coast has experienced a 150 percent increase
in annual high tide flood days.' The increased high tide floods-perpetu-
ated by climate change-combined with Tropical Storm Ophelia on September
28th, 2023, and resulted in both New York and New Jersey declaring
states of emergency.2 Unlike Hurricane Ida two years previously, this
flooding event did not result in a loss of life, but it did shut down
airports, train lines, and resulted in 19 billion dollars of damage to
the city.3

Lower Manhattan could see 85 days of high-tide flooding annually by 2050
(a fivefold increase) and 600,000 city residents could be affected by
regular tidal flooding by the end of the century-leading some to already
conclude that parts of New York are becoming unlivable.' Our state is in
dire need of flood and stormwater mitigation efforts to withstand the
increased frequency and severity of these flooding events.

This legislation draws on the monies that will arise from New York
State's Cap and Invest program to provide funding for critical miti-
gation projects that will protect homes, businesses, transportation
services, infrastructure, and human lives from increased funding.

 
LEGISLATIVE HISTORY:

This is a new bill.

 
FISCAL IMPLICATIONS:

TBD.

 
EFFECTIVE DATE:
This act shall take effect on the one hundred eightieth day after it
shall have become a law.
1 National Oceanic & Atmospheric Administration:
https://tidesandourrents.noaa.gov/HighTideFlooding AnnualOutlook.html
2 National Environmental Satellite, Data, and Information Service
(NESDIS) httcs://www.nesdis.noaa.gov/news/heavy-rains- cause-flooding-
new-york-city
3 NBC News:  https://www.nbonews.com/sc ence/environment/nyc-flooding-
climate-change- infrastructure-limitations-mn a118170
4 New York Times:  httios://www.nytimes.com/2023/11/05/nyregion/nyc-
flooding-climate-change.html

2023-S7764 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7764
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             November 20, 2023
                                ___________
 
 Introduced  by Sen. HARCKHAM -- read twice and ordered printed, and when
   printed to be committed to the Committee on Finance
 
 AN ACT to amend the state finance law, in relation to  establishing  the
   water resiliency projects fund; and making an appropriation therefor
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The state finance law is amended by adding  a  new  section
 99-rr to read as follows:
   §  99-RR.  WATER  RESILIENCY  PROJECTS FUND. 1. THERE IS HEREBY ESTAB-
 LISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND COMMISSIONER OF
 TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE "WATER RESILIENCY
 PROJECTS FUND".
   2. SUCH FUND SHALL CONSIST OF ALL MONEYS APPROPRIATED THERETO FROM ANY
 OTHER FUND OR SOURCE PURSUANT TO LAW. NOTHING CONTAINED IN THIS  SECTION
 SHALL PREVENT THE STATE FROM RECEIVING GRANTS, GIFTS OR BEQUESTS FOR THE
 PURPOSES OF THE FUND AS DEFINED IN THIS SECTION AND DEPOSITING THEM INTO
 THE FUND ACCORDING TO LAW.
   3. ALL MONEYS DEPOSITED IN THE WATER RESILIENCY PROJECTS FUND SHALL BE
 AVAILABLE FOR PROJECTS UNDERTAKEN FOR FLOOD MITIGATION, STORMWATER MITI-
 GATION AND OTHER WATER-RELATED RESILIENCY PROJECTS.
   4.  MONEYS  SHALL BE PAYABLE FROM THE FUND ON THE AUDIT AND WARRANT OF
 THE COMPTROLLER ON VOUCHERS APPROVED AND CERTIFIED BY  THE  COMMISSIONER
 OF ENVIRONMENTAL CONSERVATION.
   §  2.  The  sum  of five hundred million dollars ($500,000,000), or so
 much thereof as may be necessary, is hereby appropriated  to  the  water
 resiliency  projects  fund  established pursuant to section 99-rr of the
 state finance law from any moneys in the state treasury in the New  York
 climate  action  fund established pursuant to section 99-qq of the state
 finance law not otherwise appropriated for the purposes of carrying  out
 the  provisions of this act.  Such sum shall be payable on the audit and
 warrant of the state comptroller on vouchers certified  or  approved  by
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13630-02-3

 S. 7764                             2
 
 the commissioner of environmental conservation in the manner provided by
 law.
   § 3. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.

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Senate Bill S7764

Sponsored By

Current Bill Status - In Senate Committee Finance Committee

co-Sponsors

2023-S7764 (ACTIVE) - Details

2023-S7764 (ACTIVE) - Summary

2023-S7764 (ACTIVE) - Sponsor Memo

2023-S7764 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S7764

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Sponsored By

Pete Harckham

Current Bill Status - In Senate Committee Finance Committee

co-Sponsors

Iwen Chu

Brian Kavanagh

Rachel May

2023-S7764 (ACTIVE) - Details

2023-S7764 (ACTIVE) - Summary

2023-S7764 (ACTIVE) - Sponsor Memo

2023-S7764 (ACTIVE) - Bill Text download pdf

Comments