Senate Bill S1826

2023-2024 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Corporations, Authorities And Commissions 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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2023-S1826 (ACTIVE) - Details

See Assembly Version of this Bill:
A2999
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §1678-b, Pub Auth L
Versions Introduced in 2021-2022 Legislative Session:
S4548, A9082

2023-S1826 (ACTIVE) - Summary

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.

2023-S1826 (ACTIVE) - Sponsor Memo

2023-S1826 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1826
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 17, 2023
                                ___________
 
 Introduced  by  Sen. MATTERA -- read twice and ordered printed, and when
   printed to be committed 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:
 
   Section  1.  The  public  authorities  law  is amended by adding a new
 section 1678-b to read as follows:
   § 1678-B. FULFILLMENT OF AUTHORITY  COMMITMENTS.  NOTWITHSTANDING  ANY
 PROVISION  OF  LAW  TO  THE  CONTRARY,  THE  AUTHORITY SHALL 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.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06090-01-3

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