S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7678
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2021
                                ___________
 
 Introduced  by  M.  of A. DINOWITZ -- (at request of the Office of Court
   Administration) -- read once and referred to the Committee on Codes
 
 AN ACT to amend the penal law and general business law, in  relation  to
   increasing  monetary thresholds for the crimes of grand larceny, theft
   of services, and securities fraud

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 4 of section 155.20 of the penal law, as renum-
 bered by chapter 420 of the laws of 1978, is amended to read as follows:
   4.  When  the  value  of property cannot be satisfactorily ascertained
 pursuant to the standards set forth in subdivisions one and two of  this
 section,  its  value  shall  be  deemed  to  be an amount less than [two
 hundred fifty dollars] THREE THOUSAND DOLLARS.
   § 2. Subdivision 1 of section 155.30 of the penal law, as  amended  by
 chapter 515 of the laws of 1986, is amended to read as follows:
   1. The value of the property exceeds [one] THREE thousand dollars; or
   §  3.  Subdivision 1 of section 155.35 of the penal law, as amended by
 chapter 464 of the laws of 2010, is amended to read as follows:
   1. when the  value  of  the  property  exceeds  [three]  TEN  thousand
 dollars, or
   §  4.  The  closing  paragraph  of section 165.15 of the penal law, as
 amended by chapter 275 of the laws  of  2018,  is  amended  to  read  as
 follows:
   Theft  of  services is a class A misdemeanor, provided, however, WHERE
 THE PAYMENT OR  SERVICE  AT  ISSUE  CONCERNS  RAILROAD,  SUBWAY  OR  BUS
 SERVICES AS DEFINED BY SUBDIVISION THREE OF THIS SECTION, AND THE LAWFUL
 CHARGE THEREFOR IS LESS THAN ONE HUNDRED DOLLARS, THEFT OF SUCH SERVICES
 SHALL  BE A VIOLATION, that theft of cable television service as defined
 by the provisions of paragraphs (a), (c) and (d) of subdivision four  of
 this section, and having a value not in excess of one hundred dollars by
 a  person  who  has  not  been previously convicted of theft of services
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD09743-01-1

 A. 7678                             2
 
 under subdivision four of this section is a  violation,  that  theft  of
 services  under subdivision nine of this section by a person who has not
 been previously convicted of theft of services under subdivision nine of
 this  section  is  a violation, that theft of services under subdivision
 twelve of this section by a person who has not previously been convicted
 of theft of services under subdivision  twelve  of  this  section  is  a
 violation,  and provided further, however, that theft of services of any
 telephone service under paragraph (a) or (b) of subdivision five of this
 section having a value in excess of one thousand dollars or by a  person
 who has been previously convicted within five years of theft of services
 under  paragraph  (a)  of  subdivision five of this section is a class E
 felony.
   § 5. Subdivision 6 of section 352-c of the general  business  law,  as
 added by chapter 146 of the laws 1982, is amended to read as follows:
   6.  Any  person,  partnership,  corporation, company, trust or associ-
 ation, or any agent or employee thereof  who  intentionally  engages  in
 fraud, deception, concealment, suppression, false pretense or fictitious
 or pretended purchase or sale, or who makes any material false represen-
 tation  or statement with intent to deceive or defraud, while engaged in
 inducing or promoting the issuance, distribution, exchange, sale,  nego-
 tiation  or  purchase  within  or  from  this state of any securities or
 commodities, as defined in this article, and thereby wrongfully  obtains
 property  of  a  value  in  excess of [two hundred fifty] THREE THOUSAND
 dollars, shall be guilty of a class E felony.
   § 6. This act shall take effect immediately and  shall  apply  to  any
 crime  committed  on  or  after such effective date as well as any crime
 committed prior to such date where a sentence for that crime has not yet
 been initially imposed.