Bill Text: NY A09121 | 2023-2024 | General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-02-07 - referred to environmental conservation [A09121 Detail]

Download: New_York-2023-A09121-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9121

                   IN ASSEMBLY

                                    February 7, 2024
                                       ___________

        Introduced  by  M. of A. OTIS -- read once and referred to the Committee
          on Environmental Conservation

        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:

     1    Section 1. The state finance law is amended by adding  a  new  section
     2  99-rr to read as follows:
     3    §  99-rr.  Water  resiliency  projects fund. 1. There is hereby estab-
     4  lished in the joint custody of the state comptroller and commissioner of
     5  taxation and finance a special fund to be known as the "water resiliency
     6  projects fund".
     7    2. Such fund shall consist of all moneys appropriated thereto from any
     8  other fund or source pursuant to law. Nothing contained in this  section
     9  shall prevent the state from receiving grants, gifts or bequests for the
    10  purposes of the fund as defined in this section and depositing them into
    11  the fund according to law.
    12    3. All moneys deposited in the water resiliency projects fund shall be
    13  available for projects undertaken for flood mitigation, stormwater miti-
    14  gation and other water-related resiliency projects.
    15    4.  Moneys  shall be payable from the fund on the audit and warrant of
    16  the comptroller on vouchers approved and certified by  the  commissioner
    17  of environmental conservation.
    18    §  2.  The  sum  of five hundred million dollars ($500,000,000), or so
    19  much thereof as may be necessary, is hereby appropriated  to  the  water
    20  resiliency  projects  fund  established pursuant to section 99-rr of the
    21  state finance law from any moneys in the state treasury in the New  York
    22  climate  action  fund established pursuant to section 99-qq of the state
    23  finance law not otherwise appropriated for the purposes of carrying  out
    24  the  provisions of this act.  Such sum shall be payable on the audit and
    25  warrant of the state comptroller on vouchers certified  or  approved  by
    26  the commissioner of environmental conservation in the manner provided by
    27  law.
    28    § 3. This act shall take effect on the one hundred eightieth day after
    29  it shall have become a law.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13630-02-3