Establishes the crime of aggravated grand larceny

This bill (A 4124) creates a new crime called "aggravated grand larceny" for individuals who steal motor vehicles and have a prior conviction for similar theft (grand larceny in the fourth degree) within the past five years. It classifies this offense as a class D felony, punishable by up to seven years in prison. The bill directly affects repeat offenders who commit vehicle thefts, making their second such offense a more serious felony. The law updates legal definitions in the penal and criminal procedure codes to include this new category for sentencing and bail considerations.