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Bill > S06268
NY S06268
NY S06268Prohibits proceeds from the auction or sale of carbon dioxide emission allowances pursuant to New York's participation in the regional greenhouse gas initiative (RGGI) from being transferred into the state general fund; provides that if such proceeds are transferred to the state general fund, they shall be used for the purposes directed by the RGGI.
summary
Introduced
04/20/2021
04/20/2021
In Committee
01/31/2022
01/31/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Prohibits proceeds from the auction or sale of carbon dioxide emission allowances pursuant to New York's participation in the regional greenhouse gas initiative (RGGI) from being transferred into the state general fund; provides that if such proceeds are transferred to the state general fund, they shall be used for the purposes directed by the RGGI.
AI Summary
This bill prohibits the proceeds from the auction or sale of carbon dioxide emission allowances under New York's participation in the Regional Greenhouse Gas Initiative (RGGI) from being transferred into the state general fund. If such proceeds are transferred to the state general fund, they must be used for the purposes directed by the RGGI regulations. The bill aims to ensure that the RGGI proceeds are used for the intended purposes of energy efficiency and clean energy technology, as outlined in the RGGI regulations.
Committee Categories
Budget and Finance, Transportation and Infrastructure
Sponsors (9)
Rachel May (D)*,
Alessandra Biaggi (D),
Pete Harckham (D),
Michelle Hinchey (D),
Brad Hoylman (D),
Liz Krueger (D),
Zellnor Myrie (D),
Elijah Reichlin-Melnick (D),
Luis Sepúlveda (D),
Last Action
PRINT NUMBER 6268B (on 03/08/2022)
Official Document
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