§ 75-0117. Investment of funds.

134 words·~1 min read·/ny/environmental-conservation/climate-change/75-0117

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

State agencies, authorities and entities, in consultation with the

environmental justice working group and the climate action council,

shall, to the extent practicable, invest or direct available and

relevant programmatic resources in a manner designed to achieve a goal

for disadvantaged communities to receive forty-five percent of overall

benefits of spending on clean energy and energy efficiency programs,

projects or investments in the areas of housing, workforce development,

pollution reduction, low income energy assistance, energy,

transportation and economic development, provided however, that

disadvantaged communities shall receive no less than forty percent of

the overall benefits of spending on clean energy and energy efficiency

programs, projects or investments and provided further that this section

shall not alter funds already contracted or committed as of the

effective date of this section.