Section 5. Funding for energy sustainability and investment
projects.
(a) Appropriation of Federal funds.--For fiscal year 2022-
2023, $750,000,000 from the COVID-19 Response Restricted Account
is appropriated for transfer to the Commonwealth Financing
Authority and is allocated as follows:
(1) The sum of $375,000,000 is allocated for the purpose
of research, development, construction or site development of
carbon dioxide and methane reduction technologies for
electric generation and manufacturing, including, but not
limited to, micro-grid nuclear power plants, carbon capture
utilization and sequestration, development of hydrogen fuel
projects, securing Federal funds for a regional hydrogen hub
and battery storage. At least $37,500,000 of this allocation
shall be used for methane abatement projects from plugging
abandoned natural gas wells.
(2) The sum of $187,500,000 is allocated for the purpose
of sewer and water infrastructure and storm water mitigation
projects, including riparian planting for carbon dioxide
reduction, stream buffering and streambank restoration.
(3) The sum of $187,500,000 is allocated for the purpose
of assisting workers and communities impacted by electric
generation or manufacturing plant closures, including, but
not limited to, apprenticeship and training projects,
extensions of unemployment compensation benefits and
investments in projects to redevelop the closed plant sites.
(b) Applicability of prevailing wages.--A capital project
that directly or indirectly receives money appropriated under
this section shall be subject to the act of August 15, 1961
(P.L.987, No.442), known as the Pennsylvania Prevailing Wage
Act.
(c) Nonlapsing appropriation.--Money appropriated under this
section shall not lapse.
(d) Applicability.--The provisions of section 111-C(g) of
the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal
Code, shall not apply to the amount appropriated under this
section.
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