Bill Text: NY A06554 | 2011-2012 | General Assembly | Introduced

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Bill Title: Relates to making permanent the effectiveness of chapter 626 of the laws of 1996, relating to the issuance of land installment purchase obligations.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2012-01-04 - referred to local governments [A06554 Detail]

Download: New_York-2011-A06554-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6554
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 21, 2011
                                      ___________
       Introduced  by M. of A. RABBITT -- read once and referred to the Commit-
         tee on Local Governments
       AN ACT to amend chapter 626 of the laws  of  1996,  amending  the  local
         finance  law  relating  to  the  issuance of land installment purchase
         obligations, in relation to making permanent the effectiveness of  the
         provisions of such chapter
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 3 of chapter 626 of the laws of 1996, amending  the
    2  local  finance law relating to the issuance of land installment purchase
    3  obligations, as amended by chapter 456 of the laws of 2000,  is  amended
    4  to read as follows:
    5    S  3. This act shall take effect immediately [and shall expire on July
    6  31, 2011 when upon such date the provisions of this act shall be  deemed
    7  repealed].
    8    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10202-01-1