Of the moneys received by the state from the sale of bonds pursuant to the environmental bond act of 2022, up to one billion five hundred million dollars ($1,500,000,000) shall be made available for disbursements for climate change mitigation projects developed pursuant to section 58-0703 of this title. Not less than four hundred million dollars ($400,000,000) of this amount shall be available for green buildings projects, not less than one hundred million dollars ($100,000,000) for climate adaptation and mitigation projects pursuant to paragraph c of subdivision one of section 58-0703 of this title, not less than two hundred million dollars ($200,000,000) shall be available for disbursement to reduce or eliminate water pollution or air pollution affecting disadvantaged communities pursuant to paragraphs f and g of subdivision one of section 58-0703 of this title, and not less than five hundred million dollars ($500,000,000) for costs associated with the purchase of or conversion to zero emission school buses and supporting infrastructure as set forth in paragraph h of subdivision one of section 58-0703 of this title.
New York Legal Code