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NY A07611
Bill
Status
6/10/2021
Primary Sponsor
Anna Kelles
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AI Summary
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Requires proceeds from auctions or sales of carbon dioxide emission allowances under the Regional Greenhouse Gas Initiative (RGGI) to be deposited into the energy efficiency and clean energy technology account established under 21 NYCRR part 507.4
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Prohibits these proceeds from being moved, transferred, or allocated to the state treasury or state general fund
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If proceeds are transferred to the state general fund despite this prohibition, mandates they be used only for purposes directed under 21 NYCRR part 507.4
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Requires the state comptroller to submit a report to the senate president, assembly speaker, and governor detailing any use of RGGI proceeds transferred to the general fund
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Takes effect on March 31, 2023
Legislative Description
Prohibits proceeds from the auction or sale of carbon dioxide emission allowances pursuant to New York's participation in the regional greenhouse gas initiative (RGGI) from being transferred into the state general fund; provides that if such proceeds are transferred to the state general fund, they shall be used for the purposes directed by the RGGI.
Last Action
REFERRED TO ENVIRONMENTAL CONSERVATION
3/7/2022