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Bill > S04866


NY S04866

NY S04866
Establishes the child victims act fund which provides grant awards in reimbursement to public school districts and voluntary foster care agencies located within the state who have been named as defendants in certain child sexual abuse legal cases and in which it can be demonstrated by the public school district or voluntary foster care agency that no insurance policy for the covered period can be located after a good-faith effort to do so has been made, there was a monetary judgment issued or se


summary

Introduced
02/16/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the state finance law and the tax law, in relation to establishing the child victims act fund; and making an appropriation therefor

AI Summary

This bill establishes the "Child Victims Act Fund" to provide reimbursement grants to public school districts and voluntary foster care agencies in New York that have been named as defendants in certain child sexual abuse lawsuits. The fund will be administered by the Commissioner of the Division of Criminal Justice Services and will be funded through revenues received by the Department of Taxation and Finance, as well as any other appropriated, credited, or transferred monies. Taxpayers can also elect to contribute to the fund through their corporate or personal income tax returns starting in 2024. The bill appropriates $200 million to the fund to carry out these provisions.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

REFERRED TO FINANCE (on 01/03/2024)

bill text


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