|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to codes|
|Feb 01, 2013||referred to codes|
senate Bill S3356
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3356 - Details
S3356 - Sponsor Memo
BILL NUMBER:S3356 TITLE OF BILL: An act to amend the penal law and the general business law, in relation to criminal mischief and securities fraud PURPOSE OR GENERAL IDEA OF BILL: To raise the existing monetary thresh- olds for Felony-Level Criminal Mischief and Securities Fraud. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill amends subdivision 2 of section 145.05 of the Penal Law to raise the monetary property damage threshold from ($250) to $1,000. Section 2 of the bill amends section 145.10 of the Penal Law to raise the monetary property damage threshold from ($1,500) to $3,000. Section 3 of the bill amends subdivision 6 of section 352-c of the general busi- ness to raise the monetary threshold from ($250) to $1,000. JUSTIFICATION: Current monetary thresholds for criminal mischief in the second and third degrees (Penal Law sections 145.05 (2) and 145.10, respectively) are too low and should be raised to conform to the higher thresholds established by the Legislature in 1986 for comparable theft and stolen property-related felony offenses such as grand larceny, crim- inal Possession of stolen property and insurance fraud.
S3356 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3356 2013-2014 Regular Sessions I N S E N A T E February 1, 2013 ___________ Introduced by Sens. HASSELL-THOMPSON, DIAZ, KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Codes AN ACT to amend the penal law and the general business law, in relation to criminal mischief and securities fraud THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 145.05 of the penal law, as amended by chapter 276 of the laws of 2003, is amended to read as follows: 2. damages property of another person in an amount exceeding [two hundred fifty] ONE THOUSAND dollars. S 2. Section 145.10 of the penal law, as amended by chapter 961 of the laws of 1971, is amended to read as follows: S 145.10 Criminal mischief in the second degree. A person is guilty of criminal mischief in the second degree when with intent to damage property of another person, and having no right to do so nor any reasonable ground to believe that he has such right, he damages property of another person in an amount exceeding [one] THREE thousand [five hundred] dollars. Criminal mischief in the second degree is a class D felony. S 3. Subdivision 6 of section 352-c of the general business law, as added by chapter 146 of the laws of 1982, is amended to read as follows: 6. Any person, partnership, corporation, company, trust or associ- ation, or any agent or employee thereof who intentionally engages in fraud, deception, concealment, suppression, false pretense or fictitious or pretended purchase or sale, or who makes any material false represen- tation or statement with intent to deceive or defraud, while engaged in inducing or promoting the issuance, distribution, exchange, sale, nego- tiation or purchase within or from this state of any securities or commodities, as defined in this article, and thereby wrongfully obtains EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04598-01-3
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