New York A 3908: Relates to establishing a public transportation expansion fund

Bill Text

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A03908 Summary:

BILL NOA03908 

&nbsp

SAME ASSAME AS S05060

&nbsp

SPONSORBronson

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §233, Ec Dev L; add §88-e, St Fin L

&nbsp

Establishes a public transportation expansion fund for the purpose of ensuring access to public transportation for publicly funded economic development projects.

Go to top A03908 Actions:

BILL NOA03908 

&nbsp

01/30/2025referred to economic development

01/07/2026referred to economic development

Go to topA03908 Committee&nbspVotes:

Go to topA03908 Floor&nbspVotes:

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

Go to topA03908 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3908

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 30, 2025
 ___________

 Introduced by M. of A. BRONSON -- read once and referred to the Commit-
 tee on Economic Development

 AN ACT to amend the economic development law and the state finance law,
 in relation to establishing a public transportation expansion fund

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

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "public transportation expansion fund act".
 3 § 2. The economic development law is amended by adding a new section
 4 233 to read as follows:
 5 § 233. Public transportation and infrastructure. 1. The commissioner,
 6 in conjunction with the commissioner of transportation, shall develop
 7 and jointly administer the public transportation expansion fund, as
 8 established pursuant to section eighty-eight-e of the state finance law,
 9 for the purpose of ensuring access to public transportation for publicly
 10 funded economic development projects.
 11 2. Eligibility shall be limited to transportation authorities in each
 12 economic development region incorporated under titles eleven-A through
 13 eleven-D, inclusive of article five of the public authorities law.
 14 3. Each transportation authority shall be eligible for up to five
 15 million dollars per fiscal year for the purposes of establishing new
 16 transit service to economic development projects, including improvements
 17 to authority, transportation, and omnibus facilities, purchase of equip-
 18 ment, purchase of real property, and other capital and operating
 19 expenses as jointly defined by the department of transportation and the
 20 New York state urban development corporation, subject to annual appro-
 21 priations and other funding authorized or made available for such
 22 purposes.
 23 4. As used in this section, "publicly funded economic development
 24 project" means a project receiving funding, tax credits, or incentives
 25 through the urban development corporation, federal economic development

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05658-01-5

 A. 3908 2

 1 administration, the United States department of commerce, municipal
 2 industrial development agencies, or any other political subdivision of
 3 municipal, state, or federal government.
 4 5. The commissioner, in conjunction with the commissioner of transpor-
 5 tation, shall promulgate rules and regulations necessary for the imple-
 6 mentation of this section.
 7 § 3. The state finance law is amended by adding a new section 88-e to
 8 read as follows:
 9 § 88-e. Public transportation expansion fund. 1. There is hereby
 10 established in the joint custody of the commissioner of taxation and
 11 finance and the state comptroller a special fund to be known as the
 12 "public transportation expansion fund".
 13 2. The public transportation expansion fund shall consist of all
 14 moneys appropriated thereto from any other fund or source pursuant to
 15 law. Nothing contained in this section shall prevent the state from
 16 receiving grants, gifts or bequests for the purposes of the fund as
 17 defined in this section and depositing them into the fund according to
 18 law.
 19 3. Moneys within the public transportation expansion fund shall be
 20 made available to the commissioner of economic development and the
 21 commissioner of transportation for the purpose of ensuring access to
 22 public transportation for publicly funded economic development