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