New York S 7682: Relates to establishing a commission to evaluate the manipulation of new technologies to commit domestic violence

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S07682 Summary:

BILL NOS07682 

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SAME ASNo Same As

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SPONSORRYAN S

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COSPNSR

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MLTSPNSR

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Amd §§3852, 3854 & 3863, add §3862-a, Pub Auth L

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Provides secondary bonding authority up to $150,000,000 to the Buffalo fiscal stability authority during the period of July 1, 2025 and June 30, 2029.

Go to top S07682 Actions:

BILL NOS07682 

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04/29/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

05/27/2025REPORTED AND COMMITTED TO FINANCE

Go to topS07682 Committee&nbspVotes:

Go to topS07682 Floor&nbspVotes:

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

Go to topS07682 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7682

 2025-2026 Regular Sessions

 IN SENATE

 April 29, 2025
 ___________

 Introduced by Sen. S. RYAN -- 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 providing
 secondary bonding authority to the Buffalo fiscal stability authority

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

 1 Section 1. Subdivision 3 of section 3852 of the public authorities
 2 law, as added by chapter 122 of the laws of 2003, is amended to read as
 3 follows:
 4 3. The authority shall continue until its control, advisory or other
 5 responsibilities, and its liabilities have been met or otherwise
 6 discharged, which in no event shall be later than June thirtieth, two
 7 thousand [thirty-seven] forty-six. Upon the termination of the authori-
 8 ty, all of its property and assets shall pass to and be vested in the
 9 city.
 10 § 2. The public authorities law is amended by adding a new section
 11 3862-a to read as follows:
 12 § 3862-a. Additional bonds, notes or other obligations of the authori-
 13 ty. 1. Commencing July first, two thousand twenty-five and terminating
 14 on June thirtieth, two thousand twenty-nine, the authority shall have
 15 the power and is hereby authorized from time to time to issue bonds,
 16 notes or other obligations in such principal amounts as it may determine
 17 to be necessary pursuant to section thirty-eight hundred sixty-one of
 18 this title to pay any financeable costs and to fund reserves to secure
 19 such bonds, notes or other obligations, including incidental expenses in
 20 connection therewith; provided, however, the aggregate principal amounts
 21 of such bonds, notes or other obligations outstanding at any one time
 22 shall not exceed one hundred fifty million dollars in addition to the
 23 one hundred seventy-five million dollars authorized pursuant to section
 24 thirty-eight hundred sixty-two of this title. Such funds may be applied

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11827-01-5

 S. 7682 2

 1 to financeable costs defined in paragraphs (a), (d) and (e) of subdivi-
 2 sion fifteen of section thirty-eight hundred fifty-one of this title.
 3 Such funds in city fiscal year two thousand twenty-five--two thousand
 4 twenty-six shall not exceed eighty percent of the projected gap as
 5 defined in subdivision twenty of section thirty-eight hundred fifty-one
 6 of this title, in city fiscal year two thousand twenty-six--two thousand
 7 twenty-seven such funds shall not exceed sixty percent of the projected
 8 gap as defined in subdivision twenty of section thirty-eight hundred
 9 fifty-one of this title, in city fiscal year two thousand twenty-seven-
 10 -two thousand twenty-eight such funds shall not exceed forty percent of
 11 the projected gap as defined in subdivision twenty of section thirty-
 12 eight hundred fifty-one of this title, and in city fiscal year two thou-
 13 sand twenty-eight--two thousand twenty-nine such funds shall not exceed
 14 twenty percent of the projected gap as defined in subdivision twenty of
 15 section thirty-eight hundred fifty-one of this title. Such bonds may be
 16 issued whether the city of Buffalo is in a control period or an advisory
 17 period. Such bonds shall be tax exempt to the maximum extent practica-
 18 ble, as provided by section thirty-eight hund