Bill
Bill > A07611
NY A07611
NY A07611Prohibits 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
05/19/2021
05/19/2021
In Committee
03/07/2022
03/07/2022
Crossed Over
03/07/2022
03/07/2022
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 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's general fund. If such proceeds are transferred to the general fund, they must be used for the purposes directed by the RGGI, and the state comptroller must submit a report detailing the use of these funds.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (13)
Anna Kelles (D)*,
Phil Steck (D)*,
Chris Burdick (D),
William Colton (D),
Steven Englebright (D),
Harvey Epstein (D),
Deborah Glick (D),
Richard Gottfried (D),
Judy Griffin (D),
Steve Otis (D),
Linda Rosenthal (D),
Amanda Septimo (D),
Fred Thiele (D),
Last Action
REFERRED TO ENVIRONMENTAL CONSERVATION (on 03/07/2022)
Official Document
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