Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to codes |
May 10, 2023 |
referred to codes |
Assembly Bill A7024
2023-2024 Legislative Session
Sponsored By
WALKER
Current 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
2023-A7024 (ACTIVE) - Details
- Current Committee:
- Assembly Codes
- Law Section:
- Criminal Procedure Law
- Laws Affected:
- Amd §520.10, CP L
2023-A7024 (ACTIVE) - Summary
Authorizes fiat-collateralized stablecoins as a form of bail; directs the commissioner of taxation and finance, in conjunction with the chief justice of the unified court system and the director of the office of information technology services, to promulgate rules and regulations identifying forms of fiat-collateralized stablecoin acceptable for posting bail to establish a system for the administration of the acceptance, recording and processing of stablecoins as a means of securing bail.
2023-A7024 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7024 2023-2024 Regular Sessions I N A S S E M B L Y May 10, 2023 ___________ Introduced by M. of A. WALKER -- read once and referred to the Committee on Codes AN ACT to amend the criminal procedure law, in relation to authorizing fiat-collateralized stablecoins as a form of bail; and directs the commissioner of taxation and finance, in conjunction with the chief justice of the unified court system and the director of the office of information technology services, to establish a system and regulations for the acceptance of stablecoins as bail THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 520.10 of the criminal procedure law, paragraph (i) of subdivision 1 as amended by chapter 457 of the laws of 2005, subdivi- sion 2 as amended by chapter 784 of the laws of 1972 and paragraph (b) of subdivision 2 as amended by section 10 of part JJJ of chapter 59 of the laws of 2019, is amended to read as follows: § 520.10 Bail and bail bonds; fixing of bail and authorized forms there- of. 1. The only authorized forms of bail are the following: (a) Cash bail. (b) An insurance company bail bond. (c) A secured surety bond. (d) A secured appearance bond. (e) A partially secured surety bond. (f) A partially secured appearance bond. (g) An unsecured surety bond. (h) An unsecured appearance bond. (i) Credit card or similar device; provided, however, that notwith- standing any other provision of law, any person posting bail by credit card or similar device also may be required to pay a reasonable adminis- trative fee. The amount of such administrative fee and the time and manner of its payment shall be in accordance with the system established EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09740-01-3
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