Bill Text: NY S09560 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to an exemption for the city of New York from certain insurance requirements in connection with public construction contracts.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-05-16 - REFERRED TO INSURANCE [S09560 Detail]

Download: New_York-2023-S09560-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9560

                    IN SENATE

                                      May 16, 2024
                                       ___________

        Introduced  by  Sen.  COONEY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance

        AN ACT to amend the insurance law, in relation to an exemption  for  the
          city  of  New  York  from certain insurance requirements in connection
          with public construction contracts

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subparagraph  (B) of paragraph   2   of subsection (a) of
     2  section 2504 of the insurance law, as amended by chapter 602 of the laws
     3  of 2023, is amended to read as follows:
     4    (B) the city of New York, a public corporation or public authority, in
     5  connection with the construction of  electrical  generating  and  trans-
     6  mission  facilities or construction, reconstruction, extensions [and] or
     7  additions of light rail or heavy  rail  rapid  transit  [and],  commuter
     8  railroads,  or,    bus    facilities, bridges, tunnels, central business
     9  district tolling facilities, and facilities related to or  ancillary  to
    10  any  of  the foregoing. For the purposes of this section, light rail  or
    11  heavy  rail rapid  transit, commuter railroads, bus facilities, bridges,
    12  tunnels, central business district tolling  facilities,  and  facilities
    13  related to or ancillary to any of the foregoing refer to projects deliv-
    14  ered  by  the metropolitan transportation authority and its subsidiaries
    15  and affiliates that are defined as "transportation facilities" in subdi-
    16  vision seventeen of section  twelve  hundred  sixty-one  of  the  public
    17  authorities  law,  or "project" as defined in subdivision six of section
    18  five hundred fifty-one of the public authorities law.
    19    § 2. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11565-03-4