New York S 870: Raises the monetary value of damaged property that is considered criminal mischief or securities fraud

Bill Text

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S00870 Summary:

BILL NOS00870 

&nbsp

SAME ASSAME AS A10473

&nbsp

SPONSORBAILEY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§145.05 & 145.10, Pen L; amd §352-c, Gen Bus L

&nbsp

Raises the monetary value of damaged property that is considered criminal mischief or securities fraud.

Go to top S00870 Actions:

BILL NOS00870 

&nbsp

01/08/2025REFERRED TO CODES

01/07/2026REFERRED TO CODES

Go to topS00870 Committee&nbspVotes:

Go to topS00870 Floor&nbspVotes:

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

Go to topS00870 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 870

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. BAILEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Codes

 AN ACT to amend the penal law and the general business law, in relation
 to criminal mischief and securities fraud

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

 1 Section 1. Subdivision 2 of section 145.05 of the penal law, as
 2 amended by chapter 276 of the laws of 2003, is amended to read as
 3 follows:
 4 2. damages property of another person in an amount exceeding [two
 5 hundred fifty] one thousand dollars.
 6 § 2. Section 145.10 of the penal law, as amended by chapter 961 of the
 7 laws of 1971, is amended to read as follows:
 8 § 145.10 Criminal mischief in the second degree.
 9 A person is guilty of criminal mischief in the second degree when with
 10 intent to damage property of another person, and having no right to do
 11 so nor any reasonable ground to believe that [he has] they have such
 12 right, [he damages] they damage property of another person in an amount
 13 exceeding [one] three thousand [five hundred] dollars.
 14 Criminal mischief in the second degree is a class D felony.
 15 § 3. Subdivision 6 of section 352-c of the general business law, as
 16 added by chapter 146 of the laws of 1982, is amended to read as follows:
 17 6. Any person, partnership, corporation, company, trust or associ-
 18 ation, or any agent or employee thereof who intentionally engages in
 19 fraud, deception, concealment, suppression, false pretense or fictitious
 20 or pretended purchase or sale, or who makes any material false represen-
 21 tation or statement with intent to deceive or defraud, while engaged in
 22 inducing or promoting the issuance, distribution, exchange, sale, nego-
 23 tiation or purchase within or from this state of any securities or
 24 commodities, as defined in this article, and thereby wrongfully obtains

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02119-01-5

 S. 870 2

 1 property of a value in excess of [two hundred fifty] one thousand
 2 dollars, shall be guilty of a class E felony.
 3 § 4. This act shall take effect immediately and shall apply to
 4 offenses committed on or after such effective date, and to offenses
 5 committed prior to such effective date where the criminal proceeding
 6 arising out of the commission of such offense is pending on the effec-
 7 tive date of this act.

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