NY S05538

Authorizes New York City to issue 1,500 additional taxicab licenses through public sale by the Taxi and Limousine Commission

Allows the city to issue restricted taxicab licenses alongside regular licenses, limited to accept passengers only in underserved areas designated by local law

Requires all licenses to be sold through public auction, sealed bids, or other competitive processes as determined by the Taxi and Limousine Commission

Permits issued licenses to be transferable subject to limits set by local law

Authorizes the Taxi and Limousine Commission to resell repossessed licenses resulting from purchaser defaults through public auction, sealed bids, or competitive processes