Bill Text: NY A02999 | 2023-2024 | General Assembly | Introduced
Bill Title: 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.
Spectrum: Partisan Bill (Republican 6-0)
Status: (Introduced - Dead) 2024-01-03 - referred to corporations, authorities and commissions [A02999 Detail]
Download: New_York-2023-A02999-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 2999 2023-2024 Regular Sessions IN ASSEMBLY February 1, 2023 ___________ 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. LBD06090-01-3
