Amends TCA Title 4, Chapter 3, Part 5; Title 9; Title 60; Title 67 and Title 68.
Tennessee HB0716 establishes a climate resiliency fund program administered by the Department of Environment and Conservation (TDEC) to secure compensatory payments from entities responsible for significant greenhouse gas emissions from fossil fuel extraction and refining. The bill outlines the liability of these responsible parties, including cost recovery demands and payment structures, and creates a fund to finance climate change adaptation projects. Key provisions include the development of a resilience implementation strategy, the requirement for TDEC to adopt rules for program administration, and periodic audits by the comptroller to assess the program's effectiveness.
Tennessee HB0716 establishes a climate resiliency fund program administered by the Department of Environment and Conservation (TDEC) to secure compensatory payments from entities responsible for significant greenhouse gas emissions from fossil fuel extraction and refining. The bill outlines the liability of these responsible parties, including cost recovery demands and payment structures, and creates a fund to finance climate change adaptation projects. Key provisions include the development of a resilience implementation strategy, the requirement for TDEC to adopt rules for program administration, and periodic audits by the comptroller to assess the program's effectiveness.
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Jones, Justin
114th General Assembly
February 3, 2025
February 26, 2025
Failed for lack of motion in: Agriculture & Natural Resources Subcommittee