New York S 1246: Relates to enacting additional conditions on authorized lenders of reverse mortgages

Bill Text

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S01246 Summary:

BILL NOS01246 

&nbsp

SAME ASSAME AS A09664

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SPONSORADDABBO

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Add §404-ff, V & T L

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Relates to creating a distinctive plate for combat veterans having served in the navy, marine corps, air force or coast guard.

Go to top S01246 Actions:

BILL NOS01246 

&nbsp

01/08/2025REFERRED TO TRANSPORTATION

01/07/2026REFERRED TO TRANSPORTATION

Go to topS01246 Committee&nbspVotes:

Go to topS01246 Floor&nbspVotes:

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

Go to topS01246 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1246

 2025-2026 Regular Sessions

 IN SENATE

 January 8, 2025
 ___________

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

 AN ACT to amend the vehicle and traffic law, in relation to creating a
 distinctive plate for combat veterans having served in the navy,
 marine corps, air force, or coast guard

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

 1 Section 1. The vehicle and traffic law is amended by adding a new
 2 section 404-ff to read as follows:
 3 § 404-ff. Distinctive plates for combat veterans. 1. Any combat veter-
 4 an having served in the navy, marine corps, air force or coast guard, or
 5 the spouse of any such veteran shall, upon request, be issued a license
 6 plate bearing the words "Air Force Combat Veteran", "Navy Combat Veter-
 7 an", "Marine Combat Veteran" or "Coast Guard Combat Veteran". If a
 8 distinctive plate is issued to a veteran pursuant to this section, such
 9 a distinctive plate shall not be issued to the spouse of such veteran.
 10 Application for said license plate shall be filed with the commissioner
 11 in such form and detail as the commissioner shall prescribe.
 12 2. The distinctive plate authorized in subdivision one of this section
 13 shall be issued upon proof, satisfactory to the commissioner, that the
 14 applicant or the spouse of the applicant is a combat veteran having
 15 served in the navy, marine corps, air force or coast guard. The branch
 16 of military service on the license plate shall match the branch listed
 17 in the proof of combat provided pursuant to this subdivision.
 18 3. A distinctive plate issued pursuant to this section shall be issued
 19 in the same manner as other number plates upon payment of the regular
 20 registration fee prescribed by section four hundred one of this article
 21 provided, however, that an additional one time service charge of ten
 22 dollars shall be charged for such plate.
 23 4. Nothing contained herein shall require the issuance of a special
 24 number plate under this section unless the commissioner is satisfied

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03060-01-5

 S. 1246 2

 1 that the aggregate amount of annual service charges collected pursuant
 2 to subdivision three of this section will be sufficient to recover the
 3 costs of the design and manufacture of such special plates.
 4 § 2. 1. A distinctive plate established pursuant to section 404-ff of
 5 the vehicle and traffic law, as added by section one of this act, shall
 6 only be designed, produced and issued upon the delivery to the depart-
 7 ment of motor vehicles of a surety bond in the amount of six thousand
 8 dollars, which shall be executed by a surety company authorized by the
 9 department of financial services to transact business in this state.
 10 Provided, however, that if the commissioner of motor vehicles shall have
 11 received prior to plate design, production and issuance at least two
 12 hundred orders for such distinctive plate together with the additional
 13 annual service charge applicable to each such order, which shall be
 14 non-refundable, no such surety bond shall be required. All service
 15 charges collected pursuant to this section shall be deposited pursuant
 16 to the provisions of section 404-oo of the vehicle and traffic law to
 17 the credit of the department of motor vehicles distinctive plate devel-
 18 opment fund established by section 95-g of the state finance law and
 19 shall be used for the design, produc