Relates to the use of funds in the New York state climate investment account

Summary

The bill revises the definition of the New York Climate Action Fund’s Climate Investment Account, specifying which monies can be deposited and how they may be used. It directs the account’s resources toward carbon‑reduction projects, administrative costs, and actions that benefit disadvantaged communities, while returning any unused utility‑collected funds to ratepayers. This aims to ensure transparent funding and equitable climate action.

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