Establishes a statewide pilot program modeled after the NYC social impact bond project to lower recidivism and improve the lives of 16-18 year olds in New York's correctional facilities.

This bill aims to create a pilot program in New York that is similar to a successful initiative in New York City. It focuses on helping young people aged 16 to 18 in correctional facilities by reducing the chances of them reoffending and improving their overall lives. The program intends to provide support and resources to these youths during and after their time in detention.

Supporters of the bill would highlight its potential to transform the lives of young individuals in the correctional system by providing them with the necessary tools and support to reintegrate into society successfully. They would argue that by lowering recidivism rates, the program could ultimately lead to safer communities and reduced costs associated with incarceration.

Critics of the bill might argue that it could divert resources from other essential programs or that it may not effectively address the root causes of youth crime. They may express concerns about the feasibility of implementing such a program statewide and question whether it can truly achieve its intended outcomes.