Loading chat...
NY A10519
Bill
Status
Vetoed
12/17/2012
Primary Sponsor
Robert Sweeney
Click for details
AI Summary
- Amends environmental conservation law to redirect a portion of retained deposits from unredeemed beverage containers from the general fund to the environmental protection fund
- Establishes a phased schedule for deposits to the environmental protection fund: $10 million in fiscal year 2013-2014, increasing to $20 million, $30 million, and $40 million in subsequent years, reaching $56 million annually by fiscal year 2018-2019 and thereafter
- Specifies that the comptroller shall reserve an amount for refunds before depositing the remaining revenue into either the general fund or environmental protection fund according to the established schedule
- Clarifies that moneys deposited to the environmental protection fund are in addition to any other allocations or appropriations to that fund
- Adds retained container deposit revenue to the list of funding sources for the environmental protection fund under state finance law
Legislative Description
Requires that unredeemed container deposits shall be credited to the environmental protection fund.
Last Action
tabled
12/17/2012
Committee Referrals
Rules6/20/2012
Rules6/13/2012
Ways and Means6/5/2012
Environmental Conservation6/1/2012
Full Bill Text
No bill text available