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Establishes the climate change adaptation cost recovery program and the climate change adaptation fund

It became law on Dec 26, 2024.

NY S 2129 · Senate Bill · 2023-2024

Stage
Became law
Started in
Senate
Sponsors
+25
Latest action
Dec 26, 2024

What it does

Establishes the climate change adaptation cost recovery program to require companies that have contributed significantly to the buildup of climate-warming greenhouse gases in the atmosphere to bear a share of the costs of needed infrastructure investments to adapt to climate change; mandates that projects funded by the program require compliance with prevailing wage requirements; requires that contracts for funded projects contain a provision that the structural iron and structural steel used or supplied in the performance of the contract or any subcontract thereto shall be produced or made in whole or substantial part in the United States, its territories or possessions; makes additional provisions; establishes the climate change adaptation fund.

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Dec 26, 2024

Where it goes next

Law in New York. Agencies now write the rules that carry it out, and courts can stay or strike it.

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Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Establishes the climate change adaptation cost recovery program and the climate change adaptation fund | 52