Assembly Bill A7542

Signed By Governor
2023-2024 Legislative Session

Exempts certain public construction projects from certain restrictions

download bill text pdf

Sponsored By

Current Bill Status Via S7385 - Signed by Governor


  • 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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2023-A7542 (ACTIVE) - Details

See Senate Version of this Bill:
S7385
Law Section:
Insurance Law
Laws Affected:
Amd §2504, Ins L

2023-A7542 (ACTIVE) - Summary

Exempts the city of New York, the city school district of the city of New York, the New York city industrial development agency, the New York city health and hospitals corporation, or the New York city housing authority in connection with construction contracts that have an estimated cost of no less than five million dollars or is subject to an owner-controlled insurance program for projects from requirements regarding application to a particular insurance company, agent or broker.

2023-A7542 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7542
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 25, 2023
                                ___________
 
 Introduced by M. of A. WEPRIN -- read once and referred to the Committee
   on Insurance
 
 AN  ACT  to  amend  the  insurance law, in relation to exempting certain
   public construction projects from certain restrictions
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subparagraphs (A) and (B) of paragraph 2 of subdivision (a)
 of section 2504 of the insurance law are amended, and a new subparagraph
 (C) is added to read as follows:
   (A)  a  public  corporation  or  public  authority created pursuant to
 agreement or compact with another state, [or]
   (B) the city of New York, a public corporation or public authority, in
 connection with the construction of  electrical  generating  and  trans-
 mission  facilities  or  construction, extensions and additions of light
 rail or heavy rail rapid transit and commuter railroads[.], OR
   (C) THE CITY OF NEW YORK, THE CITY SCHOOL DISTRICT OF THE CITY OF  NEW
 YORK, THE NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY, THE NEW YORK CITY
 HEALTH  AND HOSPITALS CORPORATION, OR THE NEW YORK CITY HOUSING AUTHORI-
 TY, IN CONNECTION WITH A CONTRACT THE  PRINCIPAL  PURPOSE  OF  WHICH  IS
 CONSTRUCTION THAT (I) HAS AN ESTIMATED COST OF NO LESS THAN FIVE MILLION
 DOLLARS  OR (II) IS SUBJECT TO AN OWNER-CONTROLLED INSURANCE PROGRAM FOR
 PROJECTS, PROVIDED THAT ANY CONTRACT UNDERTAKEN PURSUANT TO THIS SUBPAR-
 AGRAPH THAT HAS AN ESTIMATED COST OF FIVE MILLION DOLLARS  OR  MORE  MAY
 ONLY BE UNDERTAKEN PURSUANT TO A PROJECT LABOR AGREEMENT AS SUCH TERM IS
 DEFINED IN SECTION TWO HUNDRED TWENTY-TWO OF THE LABOR LAW.
   §  2. A report shall be submitted no later than September 30, 2024 and
 annually thereafter, to the governor, the  temporary  president  of  the
 senate and the speaker of the assembly by the city of New York on behalf
 of  its  agencies,  the New York city housing authority, the city school
 district of the city of New York, the New York city industrial  develop-
 ment  agency,  and  the  New  York city health and hospitals corporation
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11422-04-3
              

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