Assembly BillIntroduced
A 4270: 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.
What A 4270 does, verified January 8, 2026
The bill aims to require the Dormitory Authority of the State of New York to fulfill outstanding monetary commitments made to local governments before allocating funds to economic development programs. This means that the authority must prioritize paying its existing debts to local governments before using funds for new economic development projects. The bill takes effect immediately, allowing the authority to make these changes starting from the current fiscal year.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to corporations, authorities and commissions (2026-01-07)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to corporations, authorities and commissions |
| Jan. 31, 2025 | referred to corporations, authorities and commissions |
Latest bill textIntroduced version, January 31, 2025 · 184 words
STATE 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
Text of A 4270 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions