Bill > A01203

This bill authorizes the Dormitory Authority (a New York state public benefit corporation) to provide public financing for new police facilities in areas where a single police precinct currently serves 300,000 or more people. The bill establishes a framework for financing these facilities, allowing the director of the budget to enter into service contracts with the Dormitory Authority for up to 30 years to support the construction or improvement of police precinct buildings. The Dormitory Authority can issue negotiable bonds or notes to fund these projects, with a cap of $50 million (excluding certain administrative and refinancing expenses). The state will commit to annual payments to help cover the principal, interest, and related expenses of these bonds. Importantly, the bill includes provisions to protect bondholders by preventing the state from modifying the law in ways that could impair the financial security of the bonds. The definition of "eligible police precinct facilities" is broad, covering design, acquisition, construction, rehabilitation, and improvement of police facilities, as agreed upon by the authority and the budget director. The bill is designed to help jurisdictions with large, potentially overcrowded police precincts to develop additional facilities to better serve their communities.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A1203