Establishes the water resiliency projects fund for flood mitigation, stormwater mitigation and other water related resiliency projects; makes an appropriation therefor.
Summary
Bill A07104 establishes the 'water resiliency projects fund' in New York, aimed at financing projects related to flood mitigation, stormwater management, and other water-related resiliency initiatives. The fund will be jointly managed by the state comptroller and the commissioner of taxation and finance, and it will consist of appropriated moneys and any grants, gifts, or bequests received for its purposes. A total of $500 million is appropriated from the New York climate action fund to support the activities of this new fund, which will be available for projects approved by the commissioner of environmental conservation.
Impact
The establishment of the water resiliency projects fund will significantly impact state laws by creating a dedicated financial resource for addressing water-related challenges, particularly in the context of climate change and increasing extreme weather events. This fund will facilitate the implementation of critical infrastructure projects aimed at enhancing the state's resilience to flooding and stormwater issues, thereby potentially reducing future damages and improving public safety.
Sentiment
The sentiment surrounding Bill A07104 appears to be generally positive, as it addresses pressing environmental concerns and aims to provide financial resources for necessary infrastructure improvements. However, detailed voting history and committee discussions are not available, which makes it difficult to gauge the full extent of support or opposition among legislators.
Contention
Notable points of contention may arise regarding the allocation of funds and the prioritization of projects funded by the water resiliency projects fund. Some stakeholders may argue for specific projects or regions to receive funding over others, leading to potential debates among lawmakers and constituents about the most effective use of the appropriated resources.
Same As
Establishes the water resiliency projects fund for flood mitigation, stormwater mitigation and other water related resiliency projects; makes an appropriation therefor.
Establishes the water resiliency projects fund for flood mitigation, stormwater mitigation and other water related resiliency projects; makes an appropriation therefor.
Establishes Climate Change Mitigation and Resilience Financing Program in NJ Infrastructure Bank; imposes per-kilowatt hour charge on electric energy consumption to finance climate change mitigation and resilience projects.
Enacts the climate resilient New York act; establishes the office of resilience and a resilience task force to assess and identify climate related threats and develop a statewide resilience plan.
Enacts the climate resilient New York act; establishes the office of resilience and a resilience task force to assess and identify climate related threats and develop a statewide resilience plan.