Assembly Bill A3460

2021-2022 Legislative Session

Establishes the COVID-19 recovery commission

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A3460 (ACTIVE) - Details

Current Committee:
Assembly Economic Development
Law Section:
Economic Development Law
Laws Affected:
Add Art 23 §§460 - 463, Ec Dev L
Versions Introduced in 2019-2020 Legislative Session:
A10362

2021-A3460 (ACTIVE) - Summary

Establishes the COVID-19 recovery commission to determine how much funding to seek and new issuances that will be sold to the Federal Reserve Municipal Liquidity Facility and to gather information, testimony, advice and other input to make allocation decisions in respect of the new funding and recovery efforts related to novel coronavirus, COVID-19; requires the commission to report its findings to the governor and legislature monthly.

2021-A3460 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3460
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 26, 2021
                                ___________
 
 Introduced  by  M.  of  A.  KIM,  ENGLEBRIGHT, JACOBSON, THIELE, BARRON,
   J. M. GIGLIO, SIMON -- Multi-Sponsored by -- M. of A.  GALEF  --  read
   once and referred to the Committee on Economic Development
 
 AN  ACT to amend the economic development law, in relation to establish-
   ing the COVID-19 Recovery Commission

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  economic  development law is amended by adding a new
 article 23 to read as follows:
                                ARTICLE 23
                       COVID-19 RECOVERY COMMISSION
 
 SECTION 460. COVID-19 RECOVERY COMMISSION.
         461. POWERS AND DUTIES OF THE COMMISSION.
         462. REPORTING.
         463. ASSISTANCE OF OTHER AGENCIES.
   § 460. COVID-19 RECOVERY COMMISSION. 1. THERE IS HEREBY ESTABLISHED IN
 THE DEPARTMENT A COMMISSION,  TO  BE  KNOWN  AS  THE  COVID-19  RECOVERY
 COMMISSION.
   2.  SUCH  COMMISSION  SHALL CONSIST OF THE DIRECTOR OF THE BUDGET, THE
 PRESIDENT OF THE EMPIRE STATE DEVELOPMENT CORPORATION,  THE  SUPERINTEN-
 DENT  OF  THE  DEPARTMENT  OF  FINANCIAL  SERVICES, THE PRESIDENT OF THE
 METROPOLITAN TRANSPORTATION AUTHORITY, THE PRESIDENT OF THE PORT AUTHOR-
 ITY, THE PRESIDENT OF THE DORMITORY AUTHORITY, THE COMMISSIONER  OF  THE
 DEPARTMENT  OF  HEALTH  AND  ALL  OTHER STATE COMMISSIONERS IN CHARGE OF
 FINANCING AS DETERMINED BY  THE  GOVERNOR.  THE  COMMISSION  SHALL  ALSO
 INCLUDE REPRESENTATIVES OF THE STATE'S PRINCIPAL SUBDIVISIONS AND APPRO-
 PRIATE  PUBLIC  FINANCE  PERSONNEL  APPOINTED  AS FOLLOWS: THREE MEMBERS
 SHALL BE APPOINTED BY THE GOVERNOR, TWO MEMBERS SHALL  BE  APPOINTED  BY
 THE TEMPORARY PRESIDENT OF THE SENATE, TWO MEMBERS SHALL BE APPOINTED BY
 THE SPEAKER OF THE ASSEMBLY, ONE MEMBER SHALL BE APPOINTED BY THE MINOR-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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