Gonzalez-Rojas, Fahy, Otis, Gottfried, Rosenthal L
MLTSPNSR
Amd §75-0117, En Con L
Relates to the investment of funds to combat climate change to provide forty percent of overall benefits of spending on clean energy and energy efficiency programs, projects or investments in the areas of housing, workforce development, pollution reduction, low income energy assistance, energy, transportation and economic development to disadvantaged communities.
STATE OF NEW YORK
________________________________________________________________________
7736
2021-2022 Regular Sessions
IN ASSEMBLY
May 20, 2021
___________
Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the
Committee on Environmental Conservation
AN ACT to amend the environmental conservation, in relation to the
investment of funds to combat climate change
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 75-0117 of the environmental conservation law, as
2 added by chapter 106 of the laws of 2019, is amended to read as follows:
3 § 75-0117. Investment of funds.
4 State agencies, authorities and entities, in consultation with the
5 environmental justice working group and the climate action council,
6 shall, to the extent practicable, invest or direct available and rele-
7 vant programmatic resources [in a manner designed] to [achieve a goal
8 for disadvantaged communities to receive] provide forty percent of over-
9 all benefits of spending on clean energy and energy efficiency programs,
10 projects or investments in the areas of housing, workforce development,
11 pollution reduction, low income energy assistance, energy, transporta-
12 tion and economic development[, provided however, that disadvantaged
13 communities shall receive no less than thirty-five percent of the over-
14 all benefits of spending on clean energy and energy efficiency programs,
15 projects or investments and provided further that this section shall not
16 alter funds already contracted or committed as of the effective date of
17 this section] to disadvantaged communities.
18 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09187-02-1
