58-0701 – Allocation of Moneys.

* § 58-0701. Allocation of moneys.
Of the moneys received by the state from the sale of bonds pursuant to
  the  environmental  bond  act  of  2022,  up to one billion five hundred
  million  dollars  ($1,500,000,000)   shall   be   made   available   for
  disbursements  for climate change mitigation projects developed pursuant
  to section 58-0703 of this title. Not less  than  four  hundred  million
  dollars  ($400,000,000)  of  this  amount  shall  be available for green
  buildings  projects,  not  less  than  one   hundred   million   dollars
  ($100,000,000)  for  climate adaptation and mitigation projects pursuant
  to paragraph c of subdivision one of section 58-0703 of this title,  not
  less  than two hundred million dollars ($200,000,000) shall be available
  for disbursement to reduce or eliminate water pollution or air pollution
  affecting disadvantaged communities pursuant to paragraphs f  and  g  of
  subdivision one of section 58-0703 of this title, and not less than five
  hundred  million  dollars  ($500,000,000)  for costs associated with the
  purchase of or conversion to zero emission school buses  and  supporting
  infrastructure as set forth in paragraph h of subdivision one of section
  58-0703 of this title.
* NB  Takes  effect  only if section 1 of part TT of chapter 59 of the
  laws of 2021 enacting the  "clean  water,  clean  air,  and  green  jobs
  environmental  bond  act  of  2022"  is  submitted  to the people at the
  general election to be held in November 2022  and  is  approved  by  the
  majority of votes