Bill Text: NY A03908 | 2025-2026 | General Assembly | Introduced

---

Bill Title: Establishes a public transportation expansion fund for the purpose of ensuring access to public transportation for publicly funded economic development projects.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-30 - referred to economic development [A03908 Detail]

Download: New_York-2025-A03908-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          3908

                               2025-2026 Regular Sessions

                   IN ASSEMBLY

                                    January 30, 2025
                                       ___________

        Introduced  by M. of A. BRONSON -- read once and referred to the Commit-
          tee on Economic Development

        AN ACT to amend the economic development law and the state finance  law,
          in relation to establishing a public transportation expansion fund

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Short title. This act shall be known and may  be  cited  as
     2  the "public transportation expansion fund act".
     3    §  2.  The economic development law is amended by adding a new section
     4  233 to read as follows:
     5    § 233. Public transportation and infrastructure. 1. The  commissioner,
     6  in  conjunction  with  the commissioner of transportation, shall develop
     7  and jointly administer the  public  transportation  expansion  fund,  as
     8  established pursuant to section eighty-eight-e of the state finance law,
     9  for the purpose of ensuring access to public transportation for publicly
    10  funded economic development projects.
    11    2.  Eligibility shall be limited to transportation authorities in each
    12  economic development region incorporated under titles  eleven-A  through
    13  eleven-D, inclusive of article five of the public authorities law.
    14    3.  Each  transportation  authority  shall  be eligible for up to five
    15  million dollars per fiscal year for the  purposes  of  establishing  new
    16  transit service to economic development projects, including improvements
    17  to authority, transportation, and omnibus facilities, purchase of equip-
    18  ment,  purchase  of  real  property,  and  other  capital  and operating
    19  expenses as jointly defined by the department of transportation and  the
    20  New  York  state urban development corporation, subject to annual appro-
    21  priations and other  funding  authorized  or  made  available  for  such
    22  purposes.
    23    4.  As  used  in  this  section, "publicly funded economic development
    24  project" means a project receiving funding, tax credits,  or  incentives
    25  through  the urban development corporation, federal economic development

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05658-01-5
        A. 3908                             2

     1  administration, the United  States  department  of  commerce,  municipal
     2  industrial  development  agencies, or any other political subdivision of
     3  municipal, state, or federal government.
     4    5. The commissioner, in conjunction with the commissioner of transpor-
     5  tation,  shall promulgate rules and regulations necessary for the imple-
     6  mentation of this section.
     7    § 3. The state finance law is amended by adding a new section 88-e  to
     8  read as follows:
     9    §  88-e.  Public  transportation  expansion  fund.  1. There is hereby
    10  established in the joint custody of the  commissioner  of  taxation  and
    11  finance  and  the  state  comptroller  a special fund to be known as the
    12  "public transportation expansion fund".
    13    2. The public transportation  expansion  fund  shall  consist  of  all
    14  moneys  appropriated  thereto  from any other fund or source pursuant to
    15  law.  Nothing contained in this section shall  prevent  the  state  from
    16  receiving  grants,  gifts  or  bequests  for the purposes of the fund as
    17  defined in this section and depositing them into the fund  according  to
    18  law.
    19    3.  Moneys  within  the  public transportation expansion fund shall be
    20  made available to the  commissioner  of  economic  development  and  the
    21  commissioner  of  transportation  for  the purpose of ensuring access to
    22  public transportation for publicly funded economic development  projects
    23  pursuant  to  the  provisions of section two hundred thirty-three of the
    24  economic development law.
    25    § 4. This act shall take effect immediately.