NY State Senate Bill 2023-S8563

Current Bill Status - In Senate Committee Commerce, Economic Development And Small Business Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Feb 14, 2024	referred to commerce, economic development and small business

co-Sponsors

2023-S8563 (ACTIVE) - Details

See Assembly Version of this Bill:: A9225
Current Committee:: Senate Commerce, Economic Development And Small Business
Law Section:: Economic Development Law
Laws Affected:: Add §233, Ec Dev L; add §88-e, St Fin L

2023-S8563 (ACTIVE) - Summary

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

2023-S8563 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S8563

SPONSOR: KENNEDY
 
TITLE OF BILL:

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

 
PURPOSE:

To create a Public transportation expansion fund to reimburse transit
authorities established pursuant to section eighty-eight-a of the state
finance law for expenses of expanding transit to publicly funded econom-
ic development projects outside their currently offered service area.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section 1. Short title

Section 2 adds a new section 233 to the economic development law direct-
ing the Commissioners of the Economic Development and Transportation to
develop and jointly administer a public transportation expansion fund

for the purpose of ensuring access to public transportation for publicly
funded economic development project and sets eligibility for access to
the fund.

Section 3 adds a new section 88-e to the State Finance Law to establish
the Public Transportation Expansion Fund.

 
JUSTIFICATION:

Major publicly funded economic development projects across the State
need public transit to connect to workforce development in these
regions. The location of the new facilities publicly funded through
incentives from Empire State Development, IDAs, or other Federal, State,
and local subsidies are often outside the existing public transportation
service areas of Transportation Authorities.

However, these new facilities need access to workforce in the region
which often requires expansion of public transit service. The addition
and continued operation of these new routes can cost millions of dollars
annually to the Transportation Authority.

The Public Transportation Expansion Fund would help these Authorities
cover both the initial cost of the service as well as the ongoing cost
to maintain it. Given how much economic development activity is underway
and planned for the future, it is important the State contemplates how
it will connect transit dependent individuals with these unprecedented
economic opportunities.

Perhaps most importantly, the Public Transit Equity Fund would promote
workforce development and social equity throughout the State by ensuring
that disadvantaged populations have equal access to employment at these
new and growing employers.

 
PRIOR LEGISLATIVE HISTORY:

New Bill

 
FISCAL IMPLICATIONS:

To be determined.

 
EFFECTIVE DATE:
This act shall take effect immediately.

2023-S8563 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8563
 
                             I N  S E N A T E
 
                             February 14, 2024
                                ___________
 
 Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Commerce, Economic  Devel-
   opment and Small Business
 
 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:
 
   Section  1.  Short  title. This act shall be known and may be cited as
 the "public transportation expansion fund act".
   § 2. The economic development law is amended by adding a  new  section
 233 to read as follows:
   §  233. PUBLIC TRANSPORTATION AND INFRASTRUCTURE. 1. THE COMMISSIONER,
 IN CONJUNCTION WITH THE COMMISSIONER OF  TRANSPORTATION,  SHALL  DEVELOP
 AND  JOINTLY  ADMINISTER  THE  PUBLIC  TRANSPORTATION EXPANSION FUND, AS
 ESTABLISHED PURSUANT TO SECTION EIGHTY-EIGHT-E OF THE STATE FINANCE LAW,
 FOR THE PURPOSE OF ENSURING ACCESS TO PUBLIC TRANSPORTATION FOR PUBLICLY
 FUNDED ECONOMIC DEVELOPMENT PROJECTS.
   2. ELIGIBILITY SHALL BE LIMITED TO TRANSPORTATION AUTHORITIES IN  EACH
 ECONOMIC  DEVELOPMENT  REGION INCORPORATED UNDER TITLES ELEVEN-A THROUGH
 ELEVEN-D, INCLUSIVE OF ARTICLE FIVE OF THE PUBLIC AUTHORITIES LAW.
   3. EACH TRANSPORTATION AUTHORITY SHALL BE  ELIGIBLE  FOR  UP  TO  FIVE
 MILLION  DOLLARS  PER  FISCAL  YEAR FOR THE PURPOSES OF ESTABLISHING NEW
 TRANSIT SERVICE TO ECONOMIC DEVELOPMENT PROJECTS, INCLUDING IMPROVEMENTS
 TO AUTHORITY, TRANSPORTATION, AND OMNIBUS FACILITIES, PURCHASE OF EQUIP-
 MENT, PURCHASE  OF  REAL  PROPERTY,  AND  OTHER  CAPITAL  AND  OPERATING
 EXPENSES  AS JOINTLY DEFINED BY THE DEPARTMENT OF TRANSPORTATION AND THE
 NEW YORK STATE URBAN DEVELOPMENT CORPORATION, SUBJECT TO  ANNUAL  APPRO-
 PRIATIONS  AND  OTHER  FUNDING  AUTHORIZED  OR  MADE  AVAILABLE FOR SUCH
 PURPOSES.
   4. AS USED IN THIS  SECTION,  "PUBLICLY  FUNDED  ECONOMIC  DEVELOPMENT
 PROJECT"  MEANS  A PROJECT RECEIVING FUNDING, TAX CREDITS, OR INCENTIVES
 THROUGH THE URBAN DEVELOPMENT CORPORATION, FEDERAL ECONOMIC  DEVELOPMENT
 ADMINISTRATION,  THE  UNITED  STATES  DEPARTMENT  OF COMMERCE, MUNICIPAL
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14412-01-4

 S. 8563                             2
 
 INDUSTRIAL DEVELOPMENT AGENCIES, OR ANY OTHER POLITICAL  SUBDIVISION  OF
 MUNICIPAL, STATE, OR FEDERAL GOVERNMENT.
   5. THE COMMISSIONER, IN CONJUNCTION WITH THE COMMISSIONER OF TRANSPOR-
 TATION,  SHALL PROMULGATE RULES AND REGULATIONS NECESSARY FOR THE IMPLE-
 MENTATION OF THIS SECTION.
   § 3. The state finance law is amended by adding a new section 88-e  to
 read as follows:
   §  88-E.  PUBLIC  TRANSPORTATION  EXPANSION  FUND.  1. THERE IS HEREBY
 ESTABLISHED IN THE JOINT CUSTODY OF THE  COMMISSIONER  OF  TAXATION  AND
 FINANCE  AND  THE  STATE  COMPTROLLER  A SPECIAL FUND TO BE KNOWN AS THE
 "PUBLIC TRANSPORTATION EXPANSION FUND".
   2. THE PUBLIC TRANSPORTATION  EXPANSION  FUND  SHALL  CONSIST  OF  ALL
 MONEYS  APPROPRIATED  THERETO  FROM ANY OTHER FUND OR SOURCE PURSUANT TO
 LAW.  NOTHING CONTAINED IN THIS SECTION SHALL  PREVENT  THE  STATE  FROM
 RECEIVING  GRANTS,  GIFTS  OR  BEQUESTS  FOR THE PURPOSES OF THE FUND AS
 DEFINED IN THIS SECTION AND DEPOSITING THEM INTO THE FUND  ACCORDING  TO
 LAW.
   3.  MONEYS  WITHIN  THE  PUBLIC TRANSPORTATION EXPANSION FUND SHALL BE
 MADE AVAILABLE TO THE  COMMISSIONER  OF  ECONOMIC  DEVELOPMENT  AND  THE
 COMMISSIONER  OF  TRANSPORTATION  FOR  THE PURPOSE OF ENSURING ACCESS TO
 PUBLIC TRANSPORTATION FOR PUBLICLY FUNDED ECONOMIC DEVELOPMENT  PROJECTS
 PURSUANT  TO  THE  PROVISIONS OF SECTION TWO HUNDRED THIRTY-THREE OF THE
 ECONOMIC DEVELOPMENT LAW.
   § 4. This act shall take effect immediately.

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Senate Bill S8563

Sponsored By

Current Bill Status - In Senate Committee Commerce, Economic Development And Small Business Committee

co-Sponsors

2023-S8563 (ACTIVE) - Details

2023-S8563 (ACTIVE) - Summary

2023-S8563 (ACTIVE) - Sponsor Memo

2023-S8563 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S8563

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Sponsored By

Timothy M. Kennedy

Current Bill Status - In Senate Committee Commerce, Economic Development And Small Business Committee

co-Sponsors

George M. Borrello

Jeremy A. Cooney

2023-S8563 (ACTIVE) - Details

2023-S8563 (ACTIVE) - Summary

2023-S8563 (ACTIVE) - Sponsor Memo

2023-S8563 (ACTIVE) - Bill Text download pdf

Comments