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S 4388

Establishes a private right of action against gun industry members for marketing firearms and firearm related products to minors

2025 Regular Session Introduced by Rachel May

Expands CCRC power to directly loan and grant projects in the Capital City District; revises fund sources and repayment terms, affecting state finances and local development.

REFERRED TO CODES
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Bill Summary · S 4388

Important note: the title you provided (establishing a private right of action against gun‑industry members) does not match the bill text and committee/fiscal documents supplied. The documents attached to S-4388 concern amendments to the statute governing the Capital City Redevelopment Corporation (CCRC) — not firearms or civil actions. The summary below addresses the actual bill content in the provided documents (CCRC changes).

Summary — S-4388 (Re: Capital City Redevelopment Corporation)

Status: Reported favorably with committee amendments (Senate Budget & Appropriations Committee, 6/26/2025); substituted by A5546 (1R) 6/30/2025. Introduced: 5/19/2025. Primary sponsor: Sen. Rachel May. Referred to Codes earlier in the process.

Purpose / Intent

To expand and clarify the financial and programmatic authority of the Capital City Redevelopment Corporation (CCRC) in support of redevelopment projects in the Capital City District by (a) explicitly authorizing the corporation to directly issue loans as well as grants, and (b) revising the statutory rules governing the Capital City Redevelopment Loan and Grant Fund (the Fund), including permitted fund sources and repayment/recovery requirements.

Key provisions and changes

  • Authorizes the CCRC to directly issue loans in addition to grants to projects within the Capital City District (amends the corporation’s enumerated powers).
  • Revises statutory language governing the Capital City Redevelopment Loan and Grant Fund:
    • Retains inclusion of monies repaid under loan agreements and income/interest from investment of fund monies as permissible fund sources.
    • Removes a broader authorization that previously allowed “any monies made available to the CCRC from any source or sources for its purposes” to be included in the Fund.
    • Eliminates the current statutory requirement that at least 65% of funds be recovered through repayment; instead, the corporation may determine an appropriate repayment/recovery percentage or amount for each project or program.
  • Committee amendments: (1) explicitly add loan authority, (2) modify permitted fund sources wording, and (3) technical edits.

Who is affected

  • Capital City Redevelopment Corporation: gains explicit authority to make direct loans and increased discretion over repayment terms and fund composition.
  • State finances: potential changes to how the CCRC disburses and recovers funds could affect State revenues and expenditures.
  • Local projects within the Capital City District: may have increased access to loan and grant financing and potentially different repayment obligations.

Fiscal impact / OLS assessment

  • Office of Legislative Services (OLS): potential increase in State expenditures if the CCRC issues more or larger grants/loans under the expanded authority; potential decrease in State revenue if the corporation sets recovery rates below the prior 65% requirement. Both impacts are indeterminate.
  • OLS noted the CCRC reported approximately $12.86 million in available funds (operating and project accounts) as of Dec. 31, 2024.

Legislative timeline & procedural notes

  • Introduced in Senate: 5/19/2025 (referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee).
  • Transferred to Senate Budget & Appropriations Committee: 6/19/2025.
  • Reported out of Senate Committee with amendments (2nd Reading): 6/26/2025.
  • Substituted by Assembly companion A-5546 (1R): 6/30/2025.
  • Earlier procedural entries list referral to Codes (2/4/2025) — reflected in official action history.

Related legislation

  • A-5546 (companion; substitute)
  • A-1764 (companion)
  • S-8125 (prior session)

Note

If you intended to summarize a bill that creates a private right of action against gun‑industry members, please provide the correct bill text or document set; the materials supplied for S-4388 concern the Capital City Redevelopment Corporation and do not address firearms or civil liability.

Compiled from official sources — confirm details with the bill’s official record.

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