New York S 3379: Relates to a cap on security deposits for residential leases of one year or longer

Bill Text

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S03379 Summary:

BILL NOS03379 

&nbsp

SAME ASNo Same As

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SPONSORGRIFFO

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COSPNSRGALLIVAN

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MLTSPNSR

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Rpld & add §51, Leg L

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Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or political subdivisions.

Go to top S03379 Actions:

BILL NOS03379 

&nbsp

01/27/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS03379 Committee&nbspVotes:

Go to topS03379 Floor&nbspVotes:

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

Go to topS03379 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3379

 2025-2026 Regular Sessions

 IN SENATE

 January 27, 2025
 ___________

 Introduced by Sens. GRIFFO, GALLIVAN -- read twice and ordered printed,
 and when printed to be committed to the Committee on Investigations
 and Government Operations

 AN ACT to amend the legislative law, in relation to fiscal impact notes
 on bills and to repeal certain provisions of such law relating thereto

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

 1 Section 1. Section 51 of the legislative law is REPEALED and a new
 2 section 51 is added to read as follows:
 3 § 51. Fiscal impact notes on bills affecting the state or political
 4 subdivisions. 1. As used in this section:
 5 (a) the term "political subdivision" means any county, city, town,
 6 village, special district or school district, or any agency, authority,
 7 commission, department or instrumentality thereof.
 8 (b) the term "qualifying bill" means any bill or amendment to a bill
 9 filed on or after the effective date of this section which establishes
 10 or eliminates a state program, significantly changes services required
 11 to be provided by such program, or results in a change in revenues or
 12 expenses of the state or any political subdivision.
 13 2. Before discharging qualifying bills from consideration, the senate
 14 finance committee or the assembly ways and means committee shall prepare
 15 for each such bill a fiscal impact statement clearly detailing the esti-
 16 mated cost or savings entailed by such bill to the state and affected
 17 political subdivision for the three fiscal years following adoption of
 18 such bill. Such fiscal impact statement shall also provide the source or
 19 sources of such estimates.
 20 3. A fiscal impact statement required to be prepared under this
 21 section shall be made and shall remain a part of the bill it describes,
 22 and shall be affixed to the bill before it is laid upon the members'
 23 desks for consideration.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03636-01-5

 S. 3379 2

 1 4. In determining the fiscal impacts of a bill, the senate finance
 2 committee and assembly ways and means committee shall estimate such
 3 impacts on the basis of any or all of the following:
 4 (a) individual political subdivisions;
 5 (b) aggregates of political subdivisions either statewide or by a
 6 lesser geographic area;
 7 (c) representative political subdivisions with relevant character-
 8 istics such as population, area, average income, weighted average daily
 9 attendance of pupils, or any other relevant characteristics appropriate
 10 to the estimate; or
 11 (d) any other appropriate, convenient or accessible grouping of char-
 12 acteristics or political subdivisions.
 13 5. Estimated or actual fiscal impacts disclosed under this section
 14 shall be reported in units of money, services, personnel, equipment, or
 15 any other appropriate, convenient or accessible unit or units of meas-
 16 urement.
 17 6. If the estimates contained in a fiscal impact statement are inaccu-
 18 rate, such inaccuracies shall not affect, impair or invalidate such
 19 bill.
 20 7. Fiscal impact statements shall not be required for bills: (a)
 21 subject to the provisions of section fifty of this article, or (b)
 22 accompanied by special home rule requests submitted by each affected
 23 political subdivision, or (c) which provide only discretionary authority
 24 to political subdivisions, or (d) submitted pursuant to sectio