Bill Text: NY S05845 | 2021-2022 | General Assembly | Introduced
Bill Title: Exempts the metropolitan transportation authority from bond issuance charges otherwise required to be paid to the state.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-01-05 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S05845 Detail]
Download: New_York-2021-S05845-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5845 2021-2022 Regular Sessions IN SENATE March 19, 2021 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to exempting certain public authorities from bond issuance charges 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 2976 of the public authorities 2 law, as added by section 12 of part E of chapter 494 of the laws of 3 2009, is amended to read as follows: 4 4. The provisions of subdivisions one and two of this section shall 5 not apply to bonds, notes or other obligations issued by the metropol- 6 itan transportation authority, and the New York city transit authority, 7 the Triborough bridge and tunnel authority, and to recovery act bonds 8 issued by the state of New York municipal bond bank agency in connection 9 with local American Recovery and Reinvestment Act pursuant to section 10 two thousand four hundred thirty-six-b of this chapter. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01888-01-1
