Bill Text: NY S04865 | 2015-2016 | General Assembly | Introduced
Bill Title: Relates to leasing of real property, in relation to extending the effectiveness thereof.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-06-10 - SUBSTITUTED BY A7631 [S04865 Detail]
Download: New_York-2015-S04865-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
4865
2015-2016 Regular Sessions
I N S E N A T E
April 22, 2015
___________
Introduced by Sen. MARCELLINO -- (at request of the Office of General
Services) -- read twice and ordered printed, and when printed to be
committed to the Committee on Finance
AN ACT to amend chapter 95 of the laws of 2000 amending the state
finance law, the general municipal law, the public buildings law and
other laws relating to bonds, notes and revenues, in relation to
extending the effectiveness thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Subdivision 4 of section 27 of chapter 95 of the laws of
2 2000 amending the state finance law, the general municipal law, the
3 public buildings law and other laws relating to bonds, notes and reven-
4 ues, as amended by chapter 141 of the laws of 2010, is amended to read
5 as follows:
6 4. Section seventeen of this act shall take effect July 1, 2000, and
7 shall expire on June 30, [2015] 2020; provided, however, that any lease
8 entered into for a term greater than ten years during the effective
9 period of this section shall continue in full force and effect, and
10 provided that upon the expiration of such section the commissioner of
11 general services shall continue to be empowered to enter into leases
12 having terms not exceeding ten years.
13 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09512-01-5
