Bill Text: NY A08992 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to the Roosevelt Island operating corporation; provides for the continuity of the Roosevelt Island operating corporation.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-22 - reported referred to ways and means [A08992 Detail]

Download: New_York-2019-A08992-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8992

                   IN ASSEMBLY

                                     January 8, 2020
                                       ___________

        Introduced  by  M.  of  A.  SEAWRIGHT  --  read once and referred to the
          Committee on Corporations, Authorities and Commissions

        AN ACT to amend chapter 383 of the laws  of  2019  amending  the  public
          authorities  law  relating  to  the  Roosevelt Island operating corpo-
          ration, in relation to the continuity of the Roosevelt Island  operat-
          ing corporation

          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 383 of the laws of 2019  amending  the
     2  public authorities law relating to the Roosevelt Island operating corpo-
     3  ration is amended to read as follows:
     4    § 3.  Title 35 of Article 8 of the public authorities law constituting
     5  the  Roosevelt Island operating corporation created by this act shall be
     6  deemed for all purposes to be a continuation  of  the  Roosevelt  Island
     7  operating  corporation  as  it was constituted immediately preceding the
     8  effective date of this act and shall not be construed as a newly created
     9  corporation. All members of the Roosevelt Island  operating  corporation
    10  board  of  directors  appointed  to the board of the corporation as such
    11  corporation was constituted immediately preceding the effective date  of
    12  this  act  shall  continue in office until the expiration of their terms
    13  and until their successors are appointed and have qualified.  All  unex-
    14  pended  balances  of appropriations of monies heretobefore made or allo-
    15  cated to the Roosevelt Island operating corporation as such  corporation
    16  was  constituted  immediately  preceding  the effective date of this act
    17  whether obligated or unobligated, are hereby  transferred  to  and  made
    18  available  to  the  Roosevelt Island operating corporation as created by
    19  this act. All rules, regulations, orders, determinations, and  decisions
    20  of  the  Roosevelt  Island  operating corporation, as it was constituted
    21  immediately preceding the effective date of this act, shall continue  in
    22  full  force and effect as rules, regulations, orders, determinations and
    23  decisions of the Roosevelt Island operating corporation created by  this
    24  act.
    25    § 4. This act shall take effect immediately.
    26    §  2.  This  act  shall take effect immediately and shall be deemed to
    27  have been in full force and effect on the same  date  and  in  the  same
    28  manner as chapter 383 of the laws of 2019 took effect.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14067-01-9