Establishes a statewide pilot program modeled after the NYC social impact bond project to lower recidivism and improve the lives of 16-18 year olds.

The bill establishes a statewide pilot program modeled after the New York City social impact bond project. It aims to lower recidivism and improve the lives of 16-18 year olds in New York's correctional facilities. The program will create a public-private partnership involving state agencies and private sector entities. A permanent task force will be established to develop and implement the initiative, including increasing funding for preventive services. The task force will also assess the impact of the partnership on reducing juvenile delinquency, recidivism, and the state's economy.

Establishes a statewide pilot program modeled after the NYC social impact bond project to lower recidivism and improve the lives of 16-18 year olds.

The bill establishes a statewide pilot program modeled after the New York City social impact bond project. It aims to lower recidivism and improve the lives of 16-18 year olds in New York's correctional facilities. The program will create a public-private partnership involving state agencies and private sector entities. A permanent task force will be established to develop and implement the initiative, including increasing funding for preventive services. The task force will also assess the impact of the partnership on reducing juvenile delinquency, recidivism, and the state's economy.