New York A 8040: Relates to certain voidable transfers affecting a federal home loan bank

Bill Text

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A08040 Summary:

BILL NOA08040 

&nbsp

SAME ASSAME AS S05516-A

&nbsp

SPONSORMcMahon

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §72-a, Rail L

&nbsp

Requires railroad corporations to conduct a comprehensive safety inspection when a freight train is parked in a train yard prior to traveling on tracks within the state including, but not be limited to, a review of tracks, safety equipment, including brakes, and train cars.

Go to top A08040 Actions:

BILL NOA08040 

&nbsp

04/22/2025referred to transportation

01/07/2026referred to transportation

Go to topA08040 Committee&nbspVotes:

Go to topA08040 Floor&nbspVotes:

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

Go to topA08040 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8040

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 22, 2025
 ___________

 Introduced by M. of A. McMAHON -- read once and referred to the Commit-
 tee on Transportation

 AN ACT to amend the railroad law, in relation to requiring railroad
 corporations to conduct a comprehensive safety inspection when a
 freight train is parked in a train yard prior to traveling on tracks
 within the state

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

 1 Section 1. The railroad law is amended by adding a new section 72-a to
 2 read as follows:
 3 § 72-a. Freight train inspections. 1. Every railroad corporation which
 4 operates any freight train within the state shall conduct a comprehen-
 5 sive safety inspection when a freight train is parked in a train yard
 6 prior to traveling on tracks within the state. Such safety inspection
 7 shall include, but not be limited to, a review of tracks, wheels, safety
 8 equipment, including brakes and bearings, and train cars. The depart-
 9 ment of transportation shall compare such safety inspection results with
 10 the inspection the railroad corporation conducted prior to originating
 11 the entire planned trip.
 12 2. Every railroad corporation which operates any freight train within
 13 the state shall have a minimum of two qualified car inspectors on either
 14 side of a freight train as it leaves a rail yard to observe for safety
 15 issues.
 16 3. The commissioner shall promulgate all rules and regulations neces-
 17 sary for the implementation of this section.
 18 § 2. This act shall take effect on the thirtieth day after it shall
 19 have become a law; provided, further, that this act shall be deemed
 20 repealed if any federal agency determines in writing that this act would
 21 render New York state ineligible for the receipt of federal funds or any
 22 court of competent jurisdiction finally determines that this act would
 23 render New York state out of compliance with federal law or regulation;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03019-03-5

 A. 8040 2

 1 and provided, further, that the commissioner of transportation shall
 2 notify the legislative bill drafting commission upon the occurrence of
 3 such determination in order that the commission may maintain an accurate
 4 and timely effective data base of the official text of the laws of the
 5 state of New York in furtherance of effectuating the provisions of
 6 section 44 of the legislative law and section 70-b of the public offi-
 7 cers law. Effective immediately, the addition, amendment and/or repeal
 8 of any rule or regulation necessary for the implementation of this act
 9 on its effective date are authorized to be made and completed on or
 10 before such effective date.

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