Bill Text: NY A02290 | 2009-2010 | General Assembly | Introduced


Bill Title: An act to amend the public authorities law, in relation to increasing the amount of surplus to be transferred by the triborough bridge and tunnel authority to the New York city transit authority

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-06-01 - held for consideration in corporations, authorities and commissions [A02290 Detail]

Download: New_York-2009-A02290-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2290
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 15, 2009
                                      ___________
       Introduced  by M. of A. TOBACCO -- read once and referred to the Commit-
         tee on Corporations, Authorities and Commissions
       AN ACT to amend the public authorities law, in  relation  to  increasing
         the  amount  of surplus to be transferred by the triborough bridge and
         tunnel authority to the New York city transit authority
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Clause  (i)  of paragraph (b) of subdivision 2 of section
    2  1219-a of the public authorities law, as amended by section 19 of part O
    3  of chapter 61 of the laws of 2000, is amended to read as follows:
    4    (i) [twenty-four million dollars  plus  fifty  percentum]  EIGHTY  PER
    5  CENTUM  of  the  balance of such operating surplus shall be allocable to
    6  the authority, and
    7    S 2. This act shall  take  effect  on  the  first  of  September  next
    8  succeeding the date on which it shall have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01505-01-9
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