New York S 8255: Renames the New York state musical instrument revolving fund as the New York state music grant fund

Bill Text

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S08255 Summary:

BILL NOS08255 

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SAME ASNo Same As

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SPONSORSERRANO

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COSPNSR

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MLTSPNSR

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Amd 97-v, St Fin L

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Renames the New York state musical instrument revolving fund as the New York state music grant fund; broadens the use of such funds to be available as grants to not-for-profit symphony orchestras and/or other not-for-profit musical entities incorporated in the state and organized for the purpose of the presentation of performing arts and education in the performing arts for the benefit of the public and which have been approved pursuant to guidelines established by the council.

Go to top S08255 Actions:

BILL NOS08255 

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05/27/2025REFERRED TO FINANCE

06/09/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/09/2025ORDERED TO THIRD READING CAL.1659

06/11/2025PASSED SENATE

06/11/2025DELIVERED TO ASSEMBLY

06/11/2025referred to tourism, parks, arts and sports development

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO FINANCE

Go to topS08255 Committee&nbspVotes:

Go to topS08255 Floor&nbspVotes:

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

Go to topS08255 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8255

 2025-2026 Regular Sessions

 IN SENATE

 May 27, 2025
 ___________

 Introduced by Sen. SERRANO -- (at request of the NYS Council on The
 Arts) -- read twice and ordered printed, and when printed to be
 committed to the Committee on Finance

 AN ACT to amend the state finance law, in relation to the New York state
 musical instrument revolving fund

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

 1 Section 1. Section 97-v of the state finance law, as added by chapter
 2 851 of the laws of 1983, subdivision 3 as amended by chapter 83 of the
 3 laws of 1995, is amended to read as follows:
 4 § 97-v. New York state [musical instrument revolving] music grant
 5 fund. 1. There is hereby established in the custody of the state comp-
 6 troller, a special fund to be known as the "New York state [musical
 7 instrument revolving] music grant fund".
 8 2. The fund shall consist of all monies appropriated for its purpose,
 9 all monies transferred to such fund pursuant to law and all monies
 10 required by the provisions of this section or any other law to be paid
 11 into or credited to this fund, including all monies received by the fund
 12 or donated to it. The total of monies deposited as a result of appropri-
 13 ations from state funds into this fund shall not exceed the sum of five
 14 hundred thousand dollars. Monies in the fund shall be kept separate and
 15 shall not be commingled with any other monies otherwise appropriated or
 16 received except as hereby provided.
 17 3. Monies of the fund, when allocated, shall be available to the New
 18 York state council on the arts for the purpose of providing assistance,
 19 excluding administrative costs, for [the loan, lease and purchase of
 20 musical instruments and other related property and equipment, as herein
 21 provided, by] grants to not-for-profit symphony orchestras and/or other
 22 not-for-profit musical entities incorporated in the state and organized
 23 for the purpose of the presentation of performing arts for the benefit
 24 of the public and which have been approved pursuant to guidelines estab-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09945-01-5

 S. 8255 2

 1 lished by the council. Such monies shall also be available for adminis-
 2 trative costs of the council pursuant to approval by the director of the
 3 budget. [Notwithstanding any other inconsistent provisions of this chap-
 4 ter, should the council determine that there is a compelling need for
 5 the loan, lease or purchase of property or equipment other than musical
 6 instruments by not-for-profit symphony orchestras and/or other not-for-
 7 profit musical entities incorporated in the state and organized for the
 8 purpose of the presentation of performing arts for the benefit of the
 9 public, and upon approval of the director of the budget, the council may
 10 assist such organization in acquiring such equipment in accordance with
 11 guidelines establish