Senate Bill S7433

2023-2024 Legislative Session

Grants the commissioner of transportation the authority to increase grant awards for airport improvement and revitalization

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Transportation 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-S7433 (ACTIVE) - Details

See Assembly Version of this Bill:
A6935
Current Committee:
Senate Transportation
Law Section:
Transportation Law
Laws Affected:
Amd §14-l, Transp L

2023-S7433 (ACTIVE) - Summary

Grants the commissioner of transportation the authority to increase grant awards for airport improvement and revitalization when the total funds available for assistance support higher maximum grants.

2023-S7433 (ACTIVE) - Sponsor Memo

2023-S7433 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7433
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 25, 2023
                                ___________
 
 Introduced  by Sen. MARTINEZ -- read twice and ordered printed, and when
   printed to be committed to the Committee on Transportation
 
 AN ACT to amend the transportation law, in  relation  to  maximum  grant
   awards for airport improvement and revitalization
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (f) of subdivision  2  of  section  14-l  of  the
 transportation  law, as amended by section 1 of part XX of chapter 59 of
 the laws of 2021, is amended to read as follows:
   (f) No grant or loan to any eligible applicant shall exceed the sum of
 two million five hundred thousand dollars, and no part of any such grant
 or loan shall be used for salaries or for services regularly provided by
 the applicant for administrative costs in connection with such grant  or
 loan.  NOTWITHSTANDING  THE  FOREGOING,  THE  MAXIMUM GRANT AWARD MAY BE
 HIGHER THAN THE SUM OF TWO MILLION FIVE HUNDRED  THOUSAND  DOLLARS  WHEN
 THE  COMMISSIONER,  IN  HIS OR HER DISCRETION, DETERMINES THAT THE TOTAL
 FUNDS AVAILABLE FOR ASSISTANCE PURSUANT TO THIS SECTION SUPPORTS A HIGH-
 ER MAXIMUM GRANT, NOT TO EXCEED FIVE MILLION DOLLARS.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11052-01-3



              

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