Bill > A07104

This bill establishes a new "water resiliency projects fund" within New York state's financial system, which will be jointly managed by the state comptroller and commissioner of taxation and finance. The fund will be used specifically for flood mitigation, stormwater mitigation, and other water-related resiliency projects, and can receive money from various sources including appropriations, grants, gifts, and bequests. The bill appropriates $500 million from the New York climate action fund to initially stock this new special fund, with moneys to be dispersed via vouchers approved by the commissioner of environmental conservation and audited by the state comptroller. The purpose of the fund appears to be to support infrastructure and environmental projects designed to improve water management and reduce risks associated with flooding and water-related environmental challenges. The fund will become operational 180 days after the bill becomes law, providing a structured mechanism for financing critical water infrastructure and climate adaptation efforts in New York state.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/A7104