Greenhouse gas pollution cost-recovery program created, account established, reports required, and money appropriated.
Motion to suspend rules; Motion did not prevail
Summary
The bill establishes a Greenhouse Gas Pollution Cost‑Recovery Program that can assess responsible fossil‑fuel entities for a share of the state’s climate‑related costs. Money collected goes into a dedicated account that must be spent on adaptation projects, with at least 40 % benefiting disadvantaged communities. The program requires periodic cost assessments, reporting, and provides the commissioner with authority to issue and collect demands.
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