S 3829: Relates to the money deposited as bail by charitable bail organizations; removes maximum authorized amount of money allowed to be deposited by such organizations.

  
  STATE OF NEW YORK ________________________________________________________________________ 3829 2025-2026 Regular Sessions  IN SENATE January 30, 2025 ___________ Introduced by Sens. RIVERA, GIANARIS, JACKSON, MAY, MYRIE, PARKER, RAMOS, SEPULVEDA, SERRANO -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend the insurance law, in relation to the money deposited as bail by charitable bail organizations The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (b) of section 6805 of the insurance law, as 2 added by chapter 181 of the laws of 2012, is amended to read as follows: 3 (b) A charitable bail organization shall: 4 (1) only deposit money as bail [in the amount of two thousand dollars 5 or less] for a defendant [charged with one or more misdemeanors], 6 provided, however, that such organization shall not execute as surety 7 any bond for any defendant; 8 (2) only deposit money as bail on behalf of a person who is financial- 9 ly unable to post bail, which may constitute a portion or the whole 10 amount of such bail; and 11 (3) [only deposit money as bail in one county in this state. Provided, 12 however, that a charitable bail organization whose principal place of 13 business is located within a city of a million or more may deposit money 14 as bail in the five counties comprising such city; and 15 (4)] not charge a premium or receive compensation for acting as a 16 charitable bail organization. 17 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03729-01-5