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A10063 Summary:

BILL NOA10063
 
SAME ASSAME AS S00275
 
SPONSORVanel
 
COSPNSR
 
MLTSPNSR
 
Amd §14-l, Transp L
 
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.
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A10063 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10063
 
                   IN ASSEMBLY
 
                                    January 30, 2026
                                       ___________
 
        Introduced  by M. of A. VANEL -- read once and referred 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:

     1    Section 1. Paragraph (f) of subdivision  2  of  section  14-l  of  the
     2  transportation  law, as amended by section 1 of part XX of chapter 59 of
     3  the laws of 2021, is amended to read as follows:
     4    (f) No grant or loan to any eligible applicant shall exceed the sum of
     5  two million five hundred thousand dollars, and no part of any such grant
     6  or loan shall be used for salaries or for services regularly provided by
     7  the applicant for administrative costs in connection with such grant  or
     8  loan.  Notwithstanding  the  foregoing,  the  maximum grant award may be
     9  higher than the sum of two million five hundred  thousand  dollars  when
    10  the  commissioner,  in their discretion, determines that the total funds
    11  available for assistance pursuant to  this  section  supports  a  higher
    12  maximum grant, not to exceed five million dollars.
    13    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00876-01-5
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