S 2376: 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.

  
  STATE OF NEW YORK ________________________________________________________________________ 2376 2025-2026 Regular Sessions  IN SENATE January 16, 2025 ___________ Introduced by Sen. MATTERA -- read twice and ordered printed, and when printed to be committed 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