New York S02376 mandates the Dormitory Authority to settle all prior fiscal year monetary commitments to local governments before funding economic.

New York S02376 amends the public authorities law by adding a new section 1678-b. This section requires the Dormitory Authority of the State of New York to fulfill all outstanding monetary commitments made to any local government for a fiscal year before allocating funds to economic development grant programs for the subsequent fiscal year. The act takes effect immediately upon enactment.

New York S02376 mandates the Dormitory Authority to settle all prior fiscal year monetary commitments to local governments before funding economic.

New York S02376 amends the public authorities law by adding a new section 1678-b. This section requires the Dormitory Authority of the State of New York to fulfill all outstanding monetary commitments made to any local government for a fiscal year before allocating funds to economic development grant programs for the subsequent fiscal year. The act takes effect immediately upon enactment.