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Sponsors
2 Co-sponsors
History
- Referred to codes
- Referred to codes
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Raises the monetary value of damaged property that is considered criminal mischief or securities fraud
In Assembly Committee · Codes · Sponsor Joseph Lentol
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3356
Title of bill
An act to amend the penal law and the general business law, in relation to criminal mischief and securities fraud
Purpose or general idea of bill
To raise the existing monetary thresh- olds for Felony-Level Criminal Mischief and Securities Fraud.
Summary of specific provisions
Section 1 of the bill amends subdivision 2 of section 145.05 of the Penal Law to raise the monetary property damage threshold from ($250) to $1,000.
Section 2 of the bill amends section 145.10 of the Penal Law to raise the monetary property damage threshold from ($1,500) to $3,000. Section 3 of the bill amends subdivision 6 of section 352-c of the general busi- ness to raise the monetary threshold from ($250) to $1,000.
Justification
Current monetary thresholds for criminal mischief in the second and third degrees (Penal Law sections 145.05 (2) and 145.10, respectively) are too low and should be raised to conform to the higher thresholds established by the Legislature in 1986 for comparable theft and stolen property-related felony offenses such as grand larceny, crim- inal Possession of stolen property and insurance fraud.
Accordingly, this measure adjusts for inflation to reflect the realities of the monetary world of 2009. Present monetary thresholds are unrealis- tically low and unduly strain police resources. While felony arrests for low-level thefts are routinely reduced to misdemeanors by prosecutors and judges, the police must adhere to the law and process a three hundred dollar theft as a felony. This rewires substantial allocation of resources and reduces the number of police officers available for patrol. In addition, this measure would correct a related anomaly in the law amending subdivision six of the General Business Law section 352-c to raise to $1,000 the current $250 threshold for the class E felony securities fraud offense.
Prior legislative history
Senate 2009-10: S.4688 - Passed Senate
Assembly 2009-10: A.8195 (Lentol) - Referred to Codes
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.