The moneys received by the state from the sale of bonds pursuant to
the environmental bond act of 2022 shall be disbursed in the following
amounts pursuant to appropriations as specifically provided for in
titles three, five, seven, and nine of this article:
1. Not less than one billion one hundred million dollars
($1,100,000,000) for restoration and flood risk reduction as set forth
in title three of this article.
2. Up to six hundred fifty million dollars ($650,000,000) for open
space land conservation and recreation as set forth in title five of
this article.
3. Up to one billion five hundred million dollars ($1,500,000,000) for
climate change mitigation as set forth in title seven of this article.
4. Not less than six hundred fifty million dollars ($650,000,000) for
water quality improvement and resilient infrastructure as set forth in
title nine of this article.
* NB Takes effect only if section 1 of part TT of chapter 59 of the
laws of 2021 enacting the "clean water, clean air, and green jobs
environmental bond act of 2022" is submitted to the people at the
general election to be held in November 2022 and is approved by the
majority of votes