New York A 1203: Authorizes the Dormitory Authority to provide public financing options to build new police facilities in certain areas

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A01203 Summary:

BILL NOA01203 

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SAME ASNo Same As

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SPONSORKim

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COSPNSR

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MLTSPNSR

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Add §1680-s, amd §1676, Pub Auth L

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Authorizes the Dormitory Authority to provide public financing options to build new police facilities in areas that currently have one police precinct or facility covering 300,000 or more people.

Go to top A01203 Actions:

BILL NOA01203 

&nbsp

01/09/2025referred to corporations, authorities and commissions

01/07/2026referred to corporations, authorities and commissions

Go to topA01203 Committee&nbspVotes:

Go to topA01203 Floor&nbspVotes:

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

Go to topA01203 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1203

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 9, 2025
 ___________

 Introduced by M. of A. KIM -- read once and referred to the Committee on
 Corporations, Authorities and Commissions

 AN ACT to amend the public authorities law, in relation to authorizing
 the Dormitory Authority to provide public financing options to build
 new police facilities in certain areas

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

 1 Section 1. The public authorities law is amended by adding a new
 2 section 1680-s to read as follows:
 3 § 1680-s. Authority financing of additional police precincts. 1. The
 4 dormitory authority is hereby authorized to finance eligible police
 5 precinct facilities and buildings in any area in which three hundred
 6 thousand people or more are served by one police precinct.
 7 2. (a) Subject to the provisions of chapter fifty-nine of the laws of
 8 two thousand and to the making of annual appropriations therefor by the
 9 legislature, in order to assist the dormitory authority in providing for
 10 the financing of additional police precincts, the director of the budget
 11 is authorized in any state fiscal year commencing April first, two thou-
 12 sand twenty-six or any state fiscal year thereafter to enter into one or
 13 more service contracts, none of which shall exceed thirty years in dura-
 14 tion, with the dormitory authority, upon such terms as the director of
 15 the budget and the dormitory authority agree.
 16 (b) Any service contract entered into pursuant to paragraph (a) of
 17 this subdivision or any payments made or to be made thereunder may be
 18 assigned and pledged by the dormitory authority as security for its
 19 bonds, notes, or other obligations.
 20 (c) Any such service contracts shall provide that the obligation of
 21 the director of the budget or of the state to fund or to pay the amounts
 22 therein provided for shall not constitute a debt of the state within the
 23 meaning of any constitutional or statutory provision in the event the
 24 dormitory authority assigns or pledges the service contract payments as

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01889-01-5

 A. 1203 2

 1 security for its bonds, notes, or other obligations and shall be deemed
 2 executory only to the extent monies are available and that no liability
 3 shall be incurred by the state beyond the monies available for the
 4 purpose, and that such obligation is subject to annual appropriations by
 5 the legislature.
 6 (d) Any service contract or contracts entered into pursuant to this
 7 subdivision shall provide for state commitments to provide annually to
 8 the dormitory authority a sum or sums, upon such terms and conditions as
 9 shall be deemed appropriate by the director of the budget, to fund the
 10 principal, interest, or other related payments required for any bonds,
 11 notes, or other obligations of the dormitory authority issued pursuant
 12 to this section.
 13 3. (a) To obtain funds for the purposes of this section, the authority
 14 shall have power from time to time to issue negotiable bonds or notes.
 15 Unless the context shall clearly indicate otherwise, whenever the words
 16 "bond" or "bonds" are used in this section, such words shall include a
 17 note or notes of the authority.
 18 (b) The dormitory authority shall not issue any bonds or notes in an
 19 amount in excess of fifty million dollars for the purposes