Establishes the water resiliency projects fund for flood and stormwater mitigation; appropriates $500 million.

The bill establishes the water resiliency projects fund, a special fund in the joint custody of the state comptroller and commissioner of taxation and finance. The fund will consist of moneys appropriated from any other fund or source pursuant to law, including grants, gifts, or bequests. All moneys deposited in the fund will be available for projects aimed at flood mitigation, stormwater mitigation, and other water-related resiliency projects. The bill appropriates $500 million to the fund from the New York climate action fund.

Establishes the water resiliency projects fund for flood and stormwater mitigation; appropriates $500 million.

The bill establishes the water resiliency projects fund, a special fund in the joint custody of the state comptroller and commissioner of taxation and finance. The fund will consist of moneys appropriated from any other fund or source pursuant to law, including grants, gifts, or bequests. All moneys deposited in the fund will be available for projects aimed at flood mitigation, stormwater mitigation, and other water-related resiliency projects. The bill appropriates $500 million to the fund from the New York climate action fund.