Environment and Conservation, Department of - As introduced, enacts the "Climate Resiliency Fund Act." - Amends TCA Title 4, Chapter 3, Part 5; Title 9; Title 60; Title 67 and Title 68.

HB 1850 establishes the "Climate Resiliency Fund" to finance climate adaptation projects in Tennessee. It requires fossil fuel businesses (defined as entities owning such operations during 1995-2026) to pay "cost recovery demands" into the fund, which will support projects like flood protections, infrastructure upgrades, and nature-based solutions. The fund prioritizes environmental justice communities - defined as census areas with high poverty, minority populations, or limited English proficiency - to address climate impacts disproportionately affecting these areas. The bill amends multiple Tennessee code sections to create this mechanism and define key terms like "climate change adaptation project."