New York S 2376: Requires the dormitory authority of the state of New York to fulfill certain monetary commitments

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S02376 Summary:

BILL NOS02376 

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SAME ASSAME AS A04270

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SPONSORMATTERA

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COSPNSRTEDISCO

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MLTSPNSR

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Add §1678-b, Pub Auth L

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Requires the dormitory authority of the state of New York to fulfill all outstanding monetary commitments made to any local government for a fiscal year prior to allocating any moneys to economic development grant programs for the following fiscal year.

Go to top S02376 Actions:

BILL NOS02376 

&nbsp

01/16/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS02376 Committee&nbspVotes:

Go to topS02376 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS02376 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2376

 2025-2026 Regular Sessions

 IN SENATE

 January 16, 2025
 ___________

 Introduced by Sen. MATTERA -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions

 AN ACT to amend the public authorities law, in relation to requiring the
 dormitory authority of the state of New York to fulfill certain mone-
 tary commitments

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The public authorities law is amended by adding a new
 2 section 1678-b to read as follows:
 3 § 1678-b. Fulfillment of authority commitments. Notwithstanding any
 4 provision of law to the contrary, the authority shall fulfill all
 5 outstanding monetary commitments made to any local government for a
 6 fiscal year prior to allocating any moneys to economic development grant
 7 programs for the following fiscal year.
 8 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05612-01-5

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