What's happening
This bill authorizes the Dormitory Authority to finance construction of facilities for The New York Climate Exchange Inc. on Governor's Island.
Why it matters
Supports New York’s climate leadership. by enabling the construction of a major research and education facility focused on climate solutions, potentially attracting top scientists, educators, and innovators to Governor’s Island.
Unlocks public financing for a private initiative. , which could accelerate the project’s timeline but also raises questions about the use of state-backed funds for projects managed by non-governmental entities.
May spur local economic development and job creation. on Governor’s Island and surrounding areas, both during construction and through ongoing operations, research, and tourism activity.
Sets a precedent for future collaborations. between state authorities and climate-focused organizations, signaling increased state support for climate resilience and sustainability infrastructure.
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Who cares
Headline styles
Fund Climate Center Construction
Plain English, a few words. Used as the page title.
Sponsors
History
- Signed chap.309
- Delivered to governor
- Returned to assembly
- Passed senateVote 58–2
- 3rd reading cal.324
- Substituted for S8839A
- Referred to corporations, authorities and commissions
- Delivered to senate
- Passed assembly
- Advanced to third reading cal.421
- Reported
- Reported referred to ways and means
Show 3 earlier actions
- Print number 9590a
- Amend (t) and recommit to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Fund Climate Center on Island
Senate Floor Calendar · Sponsor Andrew Gounardes
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
9590--A
IN ASSEMBLY
January 21, 2026
Introduced by M. of A. FALL, LEE, SIMON, SIMONE, WRIGHT, STERN, KASSAY -- read once and referred to the Committee on Corporations, Authorities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the public authorities law, in relation to authorizing the dormitory authority to provide financing to The New York Climate Exchange Inc. for the construction of facilities on Governor's Island
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph (b) of subdivision 2 of section 1676 of the public authorities law is amended by adding a new undesignated paragraph to read as follows:
The New York Climate Exchange Inc., to provide financing for construction of facilities on Governor's Island.
§ 2. Subdivision 1 of section 1680 of the public authorities law is amended by adding a new undesignated paragraph to read as follows:
The New York Climate Exchange Inc., to provide financing for construction of facilities on Governor's Island.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14171-02-6
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.