New York A 9336: Establishes the volunteer fire departments capital fund; appropriation

Bill Text

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A09336 Summary:

BILL NOA09336 

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SAME ASNo Same As

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SPONSORSolages

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COSPNSR

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MLTSPNSR

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Add §156-i, Exec L

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Establishes the volunteer fire departments capital fund under the office of fire prevention and control; appropriates funds for such capital fund.

Go to top A09336 Actions:

BILL NOA09336 

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12/10/2025referred to local governments

01/07/2026referred to local governments

Go to topA09336 Committee&nbspVotes:

Go to topA09336 Floor&nbspVotes:

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

Go to topA09336 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9336

 2025-2026 Regular Sessions

 IN ASSEMBLY

 December 10, 2025
 ___________

 Introduced by M. of A. SOLAGES -- read once and referred to the Commit-
 tee on Local Governments

 AN ACT to amend the executive law, in relation to establishing the
 volunteer fire departments capital fund; and making an appropriation
 therefor

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

 1 Section 1. The executive law is amended by adding a new section 156-i
 2 to read as follows:
 3 § 156-i. Volunteer fire departments capital fund. 1. Definitions. As
 4 used in this section, the following words and phrases shall have the
 5 following meanings:
 6 (a) "capital fund" shall mean the volunteer fire departments capital
 7 fund authorized to be established by the office and administered pursu-
 8 ant to this section.
 9 (b) "participating grantee" or "grantee" shall mean a volunteer fire
 10 department.
 11 2. Capital fund established. (a) The office, within amounts appropri-
 12 ated, shall establish the volunteer fire departments capital fund.
 13 (b) Monies in the capital fund shall be utilized for the purpose of
 14 making grants to qualifying participating grantees based on criteria
 15 established by the office.
 16 (c) Funds shall be transferred by the commissioner of taxation and
 17 finance to the office for deposit in the capital fund in an amount as
 18 authorized by appropriation.
 19 (d) Monies in the fund shall be: (i) held by the office pursuant to
 20 this section as custodian pursuant to an agreement with the comptroller
 21 until transferred to the grantee pursuant to this section; and (ii)
 22 invested by the office in accordance with the investment guidelines of
 23 the comptroller during said custodial period. All investment income
 24 shall be credited to, and shall be deposited in, the capital fund.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07673-01-5

 A. 9336 2

 1 3. Administration. The custody of, and responsibility for, the capital
 2 fund shall be taken up by the office, in compliance with all applicable
 3 laws, rules, regulations and other requirements. Such administration of
 4 the capital fund shall include, but not be limited to:
 5 (a) the office shall be responsible for the receipt, management and
 6 expenditure of monies held in the capital fund;
 7 (b) the office shall maintain books and records pertaining to all
 8 monies received and disbursed pursuant to this section and the agree-
 9 ment;
 10 (c) monies in such capital fund shall be utilized for the purpose of
 11 making grants to qualifying participating grantees for purposes deter-
 12 mined by the office;
 13 (d) participating grantees shall be chosen by the office through an
 14 application process approved by the office and the comptroller;
 15 (e) eligible uses of funds so granted to participating grantees shall
 16 be determined by the office;
 17 (f) the office administering the capital fund shall report quarterly
 18 on the transactions in the capital fund in a form and manner specified
 19 by the comptroller in consultation with the commissioner of taxation and
 20 finance, including but not limited to: receipts or deposits to the fund;
 21 disbursements; loans or credit enhancement made from the fund; invest-
 22 ment income; and the balance on hand as of the end of the month for each
 23 such quarter;
 24 (g) the office shall be required to invest monies on deposit in the
 25 fund in accordance with investment guidelines meeting the requirements
 26 of the comptroller, and all invest