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Assembly Bill A4270

2025-2026 Legislative Session

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

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Current Bill Status - In Assembly Committee

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2025-A4270 (ACTIVE) - Details

See Senate Version of this Bill:
S2376
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §1678-b, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2021-2022: A9082, S4548
2023-2024: A2999, S1826

2025-A4270 (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.

2025-A4270 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4270
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 31, 2025
                                ___________
 
 Introduced by M. of A. JENSEN -- read once and referred 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.
                                                            LBD05612-01-5

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