Legislation Detail
S 122 EC DIVERSIFICATION & CLIMATE RESILIENCE FUND
Actions: [4] SCC/STBTC/SFC-SCC API.
Scheduled: Not Scheduled
Senate Bill 122 (SB 122) creates the Economic Diversification and Climate Resilience Fund.Legislation Overview:
Senate Bill 122 (SB 122) creates the non-reverting Economic Diversification and Climate Resilience Fund which will consist of distributions, appropriations, gifts, grants and donations. SB 122 specifies uses for the fund including certain economic development efforts; workforce training and development; certain public works infrastructure improvements; and other efforts that promote economic long-term growth, economic diversification or reduce the state’s reliance on fossil fuels. It gives the Legislative Finance Committee the authority to request a report about the impact to the state of the appropriation received by an agency from this fund.Relates To:
SB 122 relates to SB 155