Establish an endangered and threatened species mitigation bank fund.

Date Due:: N/A
Responsible Entity:: Comptroller and Commissioner of Taxation and Finance
Action:: Establish an endangered and threatened species mitigation bank fund.
Summary:: There is established an endangered and threatened species mitigation bank fund, jointly controlled by the Comptroller and Commissioner of Taxation, to finance projects that will facilitate a net conservation benefit to threatened and endangered species potentially impacted by renewewable energy facilities and related activities.
Status:: EXECUTED: Chapter XVIII, Title 19 of NYCRR Part 900 requires payment of mitigation fees into the Endangered and Threatened Species Mitigation Bank Fund to achieve net conservation benefits for impacted species.
Statute:: AREGCBA §13 adds new State Finance Law §99-hh(1)

Statutory Language:

AREGCBA §13 adds new State Finance Law §99-hh(1): "There is hereby established in the joint custody of the comptroller and the commissioner of taxation and finance a special fund to be known as the 'Endangered and threatened species mitigation bank fund'."