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Bill > A03351


NY A03351

NY A03351
Establishes the climate change adaptation cost recovery program to require companies that have contributed significantly to the buildup of climate-warming greenhouse gases in the atmosphere to bear a share of the costs of needed infrastructure investments to adapt to climate change; mandates that projects funded by the program require compliance with prevailing wage requirements; requires that contracts for funded projects contain a provision that the structural iron and structural steel used or


summary

Introduced
02/02/2023
In Committee
06/07/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the environmental conservation law, in relation to establishing the climate change adaptation cost recovery program; and to amend the state finance law, in relation to establishing the climate change adaptation fund

AI Summary

This bill establishes the climate change adaptation cost recovery program to require companies that have contributed significantly to the buildup of climate-warming greenhouse gases in the atmosphere to bear a share of the costs of needed infrastructure investments to adapt to climate change. The program would require these companies to make payments based on their historical contribution to greenhouse gas emissions, with the funds being used for projects such as coastal wetlands restoration, stormwater drainage upgrades, and energy efficiency retrofits. The bill also mandates that projects funded by the program require compliance with prevailing wage requirements and contain provisions related to the use of American-made materials and the creation of local jobs.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (76)

Jeffrey Dinowitz (D)* George Alvarez (D),  Khaleel Anderson (D),  Juan Ardila (D),  Jeffrion Aubry (D),  Didi Barrett (D),  Michael Benedetto (D),  Rodneyse Bichotte Hermelyn (D),  Alex Bores (D),  Harry Bronson (D),  Keith Brown (R),  Chris Burdick (D),  Kenny Burgos (D),  Pat Burke (D),  Robert Carroll (D),  Monique Chandler-Waterman (D),  Sarah Clark (D),  William Colton (D),  Vivian Cook (D),  Catalina Cruz (D),  Brian Cunningham (D),  Landon Dais (D),  Taylor Darling (D),  Maritza Davila (D),  Manny De Los Santos (D),  Inez Dickens (D),  Chris Eachus (D),  Harvey Epstein (D),  Patricia Fahy (D),  Eddie Gibbs (D),  Deborah Glick (D),  Jessica González-Rojas (D),  Aileen Gunther (D),  Andrew Hevesi (D),  Chantel Jackson (D),  Jonathan Jacobson (D),  Kimberly Jean-Pierre (D),  Anna Kelles (D),  Ron Kim (D),  Charles Lavine (D),  Grace Lee (D),  Dana Levenberg (D),  Nikki Lucas (D),  Jen Lunsford (D),  John McDonald (D),  Demond Meeks (D),  Steve Otis (D),  Amy Paulin (D),  Crystal Peoples-Stokes (D),  Stacey Pheffer Amato (D),  Gary Pretlow (D),  Steven Raga (D),  Jenifer Rajkumar (D),  Phil Ramos (D),  Karines Reyes (D),  Linda Rosenthal (D),  Nily Rozic (D),  Angelo Santabarbara (D),  Nader Sayegh (D),  Rebecca Seawright (D),  Amanda Septimo (D),  Maryjane Shimsky (D),  Gina Sillitti (D),  Jo Anne Simon (D),  Tony Simone (D),  Michaelle Solages (D),  Phil Steck (D),  Steve Stern (D),  Al Stirpe (D),  Yudelka Tapia (D),  Al Taylor (D),  Fred Thiele (D),  Latrice Walker (D),  David Weprin (D),  John Zaccaro (D),  Stefani Zinerman (D), 

Last Action

substituted by s2129b (on 06/07/2024)

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