Bill Text: NY A07687 | 2021-2022 | General Assembly | Introduced

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Bill Title: Extends provisions of law relating to the issuance of land installment purchase obligations from July 1, 2021 until July 1, 2031.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-06-03 - substituted by s7069 [A07687 Detail]

Download: New_York-2021-A07687-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7687

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                      May 19, 2021
                                       ___________

        Introduced  by M. of A. BURKE -- read once and referred to the Committee
          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 extending the provisions thereof

          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 200 of the laws of 2011,  is  amended
     4  to read as follows:
     5    §  3.  This act shall take effect immediately and shall expire on July
     6  31, [2021] 2031 when upon such date the provisions of this act shall  be
     7  deemed repealed.
     8    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11056-01-1