New York A 8491: Relates to the transferability of the rehabilitation of historic properties tax credit

Bill Text

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A08491 Summary:

BILL NOA08491 

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SAME ASSAME AS S00643

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SPONSORHevesi

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COSPNSRSolages, Romero, Otis, McDonald, Simon, Kelles, Gallagher, Shrestha

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MLTSPNSR

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Add §89-gg, St Fin L

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Establishes the youth justice innovation fund to make funds available to community-based organizations for services and programs with the purpose of youth development and preventing youth arrest and incarceration.

Go to top A08491 Actions:

BILL NOA08491 

&nbsp

05/20/2025referred to ways and means

01/07/2026referred to ways and means

02/03/2026enacting clause stricken

Go to topA08491 Committee&nbspVotes:

Go to topA08491 Floor&nbspVotes:

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

Go to topA08491 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8491

 2025-2026 Regular Sessions

 IN ASSEMBLY

 May 20, 2025
 ___________

 Introduced by M. of A. HEVESI -- read once and referred to the Committee
 on Ways and Means

 AN ACT to amend the state finance law, in relation to establishing the
 youth justice innovation fund

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

 1 Section 1. The state finance law is amended by adding a new section
 2 89-gg to read as follows:
 3 § 89-gg. Youth justice innovation fund. 1. A fund to be known as the
 4 "youth justice innovation fund" is hereby established in the custody of
 5 the state comptroller and the commissioner of taxation and finance.
 6 2. The fund shall consist of fifty million dollars transferred to such
 7 account pursuant to a plan developed by the director of the budget from
 8 funds made available for the purposes of funding services for youth
 9 through the age of twenty-five, and any interest earnings which may
 10 accrue from the investment of monies in the fund. Nothing contained
 11 herein shall prevent the state from receiving grants, gifts or bequests
 12 for the purposes of the fund as defined in this section and depositing
 13 them into the fund according to law.
 14 3. Monies of the fund shall be available to the division of criminal
 15 justice services and shall be provided to community-based organizations
 16 to be expended for services and programs with the purpose of youth
 17 development and preventing youth arrest and incarceration, including,
 18 but not limited to, those providing violence-prevention services for
 19 youth, alternatives to detention, placement and incarceration programs
 20 for youth, and reentry, education, and employment training and placement
 21 programs for youth through the age of twenty-five.
 22 4. On or before the first day of March of each year, the director of
 23 the division of criminal justice services shall provide a written report
 24 to the temporary president of the senate, the speaker of the assembly,
 25 the minority leader of the senate, the minority leader of the assembly,

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01830-01-5

 A. 8491 2

 1 the chair of the senate finance committee, the chair of the assembly
 2 ways and means committee, the chair of the senate committee on codes,
 3 the chair of the assembly committee on codes, the state comptroller, and
 4 the public. Such report shall include how the monies of the fund were
 5 utilized during the preceding calendar year, and shall include:
 6 (a) the amount of money disbursed from the fund and the award process
 7 used for such disbursements;
 8 (b) recipients of awards from the fund;
 9 (c) the amount awarded to each recipient;
 10 (d) the purposes for which such awards were granted; and
 11 (e) a summary financial plan for such monies which shall include esti-
 12 mates of all receipts and all disbursements for the current and succeed-
 13 ing fiscal years, along with the actual results from the prior fiscal
 14 year.
 15 5. Monies shall be payable from the fund on the audit and warrant of
 16 the comptroller on vouchers approved and certified by the director of
 17 the division of criminal justice services.
 18 § 2. This act shall take effect immediately and shall apply to expend-
 19 itures made on and after April 1, 2025.

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