An Act establishing sustainable and equitable funding for climate change adaptation and mitigation

This bill creates a Climate & Community Resilience Fund to support climate adaptation and mitigation projects in low-income and environmental justice communities. The fund, administered by the Secretary of Energy and Environmental Affairs, will be financed through property insurance fees, state appropriations, bond revenues, and other public/private sources. A new advisory board - requiring diverse community representation, including staff from grassroots organizations - will guide fund allocations and ensure projects prioritize equitable outcomes. Annual public reports will track fund spending, with specific requirements to document allocations to low-income communities and evaluate the fund's effectiveness.