A04270 Summary:
| BILL NO | A04270 |
| SAME AS | SAME AS S02376 |
| SPONSOR | Jensen |
| COSPNSR | |
| MLTSPNSR | |
| Add §1678-b, Pub Auth L | |
| 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. | |
A04270 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 4270 2025-2026 Regular Sessions IN ASSEMBLY 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: 1 Section 1. The public authorities law is amended by adding a new 2 section 1678-b to read as follows: 3 § 1678-b. Fulfillment of authority commitments. Notwithstanding any 4 provision of law to the contrary, the authority shall fulfill all 5 outstanding monetary commitments made to any local government for a 6 fiscal year prior to allocating any moneys to economic development grant 7 programs for the following fiscal year. 8 § 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