Requires the department of environmental conservation, after consultation with the environmental facilities corporation and the department of state, to submit an annual agency stormwater expenditure report containing a comprehensive estimate and summary of funds needed and funds spent on stormwater projects under the department of environmental conservation, the environmental facilities corporation, the department of state and other applicable agencies or state authorities.

The bill requires New York's Department of Environmental Conservation to create an annual report on stormwater spending. This report will include details on how much money is needed and how much has been spent on stormwater projects by various state agencies. The goal is to improve transparency and accountability in funding for these environmental initiatives.

Supporters of the bill argue that it promotes transparency in government spending and ensures that necessary funds are allocated for crucial stormwater management projects. By requiring a comprehensive report, the bill helps to prioritize environmental protection and infrastructure improvements, ultimately benefiting communities and ecosystems across New York.

Critics may argue that the bill adds unnecessary bureaucracy and could lead to delays in project implementation. They might also point out that simply reporting on expenditures does not guarantee that funds will be effectively used for stormwater management, potentially leading to wasted resources without real improvements.