Imposes penalties and forfeiture of economic development subsidies for businesses violating state environmental laws.
Requires businesses that receive economic development subsidies and violate state environmental laws to make payments to the state and forfeit future subsidies. The commissioner can issue orders, levy penalties, and bring civil actions against businesses responsible for environmental incidents. Payments are deposited into the Environmental Incident Recovery Fund to reimburse impacted communities. The bill takes effect six months after enactment and applies to subsidy agreements made after that date.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.