New York A 4270: Requires the dormitory authority of the state of New York to fulfill certain monetary commitments

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A04270 Summary:

BILL NOA04270 

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SAME ASSAME AS S02376

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SPONSORJensen

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COSPNSR

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MLTSPNSR

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Add §1678-b, Pub Auth L

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Requires the dormitory authority of the state of New York to fulfill all outstanding monetary commitments made to any local government for a fiscal year prior to allocating any moneys to economic development grant programs for the following fiscal year.

Go to top A04270 Actions:

BILL NOA04270 

&nbsp

01/31/2025referred to corporations, authorities and commissions

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

Go to topA04270 Committee&nbspVotes:

Go to topA04270 Floor&nbspVotes:

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

Go to topA04270 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4270

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 31, 2025
 ___________

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

 AN ACT to amend the public authorities law, in relation to requiring the
 dormitory authority of the state of New York to fulfill certain mone-
 tary commitments

 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 1678-b to read as follows:
 3 § 1678-b. Fulfillment of authority commitments. Notwithstanding any
 4 provision of law to the contrary, the authority shall fulfill all
 5 outstanding monetary commitments made to any local government for a
 6 fiscal year prior to allocating any moneys to economic development grant
 7 programs for the following fiscal year.
 8 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05612-01-5

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