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Enacts into law major components of legislation necessary to implement the state transportation, economic development and environmental conservation budget for the 2025-2026 state fiscal year; relates to the waterfront commission act; makes amendments to change "applicant" to "licensee or…
This bill implements key components of New York's 2025-2026 budget, including Metropolitan Transportation Authority funding, buy-now-pay-later lender regulations, and environmental conservation measures.
If you develop or use AI companion models in New York, you must comply with new regulations or face penalties.
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Affected Industries
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What This Means
The bill encompasses a wide range of legislative measures for the 2025-2026 state budget, notably including Metropolitan Transportation Authority funding, buy-now-pay-later lender regulations, and the establishment of a commission to replace the statue of Robert R. Livingston. Businesses involved in AI technology should note the new compliance requirements, though penalties for non-compliance are not specified.
Key Provisions
- Funds the Metropolitan Transportation Authority.
- Regulates buy-now-pay-later lenders.
- Establishes a commission to replace the statue of Robert R. Livingston.
- Regulates artificial intelligence companion models.
- Changes 'applicant' to 'licensee or registrant' in the waterfront commission act.
- Provides mass transportation payments to the Central New York Regional Transportation District.
- Increases the value of abandoned motor vehicles eligible for local authority ownership.
- Extends provisions for tax increment financing.
- Establishes a suicide prevention fund.
Latest Legislative Action
SIGNED CHAP.58
Bill Sponsors (showing 5 of 7)
| Name | Role |
|---|---|
| Budget Committee | Primary |
| FUNKE | Primary |
| LAVALLE | Primary |
| SEPULVEDA | Primary |
| Steve Rhoads R | Primary |
Roll Call Votes
Compliance Checklist
Who: Businesses developing or using AI technologies.
Penalty: Potential penalties for non-compliance.
Related & Companion Bills
Full Legal Analysis
Official Source
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Affected Industries
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