Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to governmental operations |
Jan 28, 2021 |
referred to governmental operations |
Assembly Bill A3906
2021-2022 Legislative Session
Sponsored By
VANEL
Archive: Last Bill Status - In Assembly 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
Actions
2021-A3906 (ACTIVE) - Details
2021-A3906 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3906 2021-2022 Regular Sessions I N A S S E M B L Y January 28, 2021 ___________ Introduced by M. of A. VANEL -- read once and referred to the Committee on Governmental Operations AN ACT to amend the state finance law, in relation to allowing New York state agencies to accept cryptocurrencies as a form of payment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The state finance law is amended by adding a new section 4-b to read as follows: § 4-B. CRYPTOCURRENCY AS A FORM OF PAYMENT. 1. THE FOLLOWING TERMS, WHEN USED OR REFERRED TO IN THIS SECTION, SHALL HAVE THE FOLLOWING MEAN- INGS: A. "CRYPTOCURRENCY" MEANS ANY FORM OF DIGITAL CURRENCY IN WHICH ENCRYPTION TECHNIQUES ARE USED TO REGULATE THE GENERATION OF UNITS OF CURRENCY AND VERIFY THE TRANSFER OF FUNDS, OPERATING INDEPENDENTLY OF A CENTRAL BANK INCLUDING BUT NOT LIMITED TO, BITCOIN, ETHEREUM, LITECOIN AND BITCOIN CASH. B. "CRYPTOCURRENCY ISSUER" MEANS AN ISSUER OF ANY FORM OF CRYPTOCUR- RENCY, INCLUDING BUT NOT LIMITED TO, BITCOIN, ETHEREUM, LITECOIN AND BITCOIN CASH. C. "PERSON" MEANS AN INDIVIDUAL, PARTNERSHIP, CORPORATION OR ANY OTHER LEGAL OR COMMERCIAL ENTITY. 2. EACH STATE AGENCY IS AUTHORIZED TO ENTER INTO AGREEMENTS WITH PERSONS TO PROVIDE THE ACCEPTANCE, BY OFFICES OF THE STATE, OF CRYTOCUR- RENCY AS A MEANS OF PAYMENT OF FINES, CIVIL PENALTIES, RENT, RATES, TAXES, FEES, CHARGES, REVENUE, FINANCIAL OBLIGATIONS OR OTHER AMOUNTS, INCLUDING PENALTIES, SPECIAL ASSESSMENTS AND INTEREST, OWED TO STATE AGENCIES. ANY SUCH AGREEMENT SHALL GOVERN THE TERMS AND CONDITIONS UPON WHICH CRYPTOCURRENCY PROFFERED AS A MEANS OF PAYMENT OF A FINE, CIVIL PENALTIES, RENT, RATE, TAX, FEE, CHARGE, REVENUE, FINANCIAL OBLIGATION OR OTHER AMOUNT, INCLUDING PENALTIES, SPECIAL ASSESSMENT OR INTEREST, SHALL BE ACCEPTED OR DECLINED AND THE MANNER IN AND CONDITIONS UPON EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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