HB0716Failed

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.

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Overview

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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Sponsor

Jones, Justin

Details
Session

114th General Assembly

Introduced

February 3, 2025

Last Action

February 26, 2025

Failed for lack of motion in: Agriculture & Natural Resources Subcommittee

Subjects
Environmental PreservationTitles, ShortTreasurer, StatePublic Funds and FinancingNatural DisastersGas, Petroleum Products, Volatile OilsEnvironment and Conservation, Department ofComptroller, State

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HB0716: Amends TCA Title 4, Chapter 3, Part 5; Title 9; Title 60; Title 67 and Title 68. | LegisGo