N.Y. Environmental Conservation Law § 58-0301
Allocation of moneys
New York · New York Environmental Conservation Law · Status: effective · Effective 2023-08-18
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- N.Y. Environmental Conservation Law § 58-0301, Allocation of moneys, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1104690
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Full text
§ 58-0301. Allocation of moneys.
Of the moneys received by the state from the sale of bonds pursuant to
the environmental bond act of 2022, not less than one billion one
hundred million dollars ($1,100,000,000) shall be available for
disbursements for restoration and flood risk reduction projects
developed pursuant to section 58-0303 of this title. Not more than two
hundred fifty million dollars ($250,000,000) of this amount shall be
available for projects pursuant to subdivision two of section 58-0303 of
this title and not less than one hundred million dollars ($100,000,000)
each shall be available for coastal rehabilitation and shoreline
restoration projects and projects which address inland flooding,
pursuant to paragraph a of subdivision one of section 58-0303 of this
title.