Bill Text: NY S01354 | 2011-2012 | General Assembly | Introduced

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Bill Title: Directs, upon conveyance of certain transit facilities, that the New York city transit authority shall be deemed the sole owner of such facilities with respect to all obligations and liabilities imposed by law on property owners.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2012-01-04 - REFERRED TO TRANSPORTATION [S01354 Detail]

Download: New_York-2011-S01354-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1354
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                    January 6, 2011
                                      ___________
       Introduced by Sens. DILAN, DIAZ, PARKER -- read twice and ordered print-
         ed,  and  when printed to be committed to the Committee on Transporta-
         tion
       AN ACT to amend the public authorities law, in relation to the ownership
         status of transit facilities
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  1203 of the public authorities law is amended by
    2  adding a new subdivision 8 to read as follows:
    3    8. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, UPON THE CONVEYANCE  OF
    4  THE TRANSIT FACILITIES IN ACCORDANCE WITH THIS SECTION, WHETHER BY DEED,
    5  LEASE,  LICENSE  OR OTHER ARRANGEMENT, THE AUTHORITY SHALL BE DEEMED THE
    6  SOLE OWNER OF SUCH  FACILITIES  WITH  RESPECT  TO  ALL  OBLIGATIONS  AND
    7  LIABILITIES IMPOSED BY LAW ON PROPERTY OWNERS.
    8    S 2. Section 1203-a of the public authorities law is amended by adding
    9  a new subdivision 12 to read as follows:
   10    12. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, UPON THE CONVEYANCE OF
   11  ANY  OMNIBUS  LINE ACQUIRED BY THE CITY TO THE SUBSIDIARY CORPORATION IN
   12  ACCORDANCE WITH THIS SECTION, THE SUBSIDIARY CORPORATION SHALL BE DEEMED
   13  THE SOLE OWNER OF SUCH FACILITIES WITH RESPECT TO  ALL  OBLIGATIONS  AND
   14  LIABILITIES IMPOSED BY LAW ON PROPERTY OWNERS.
   15    S  3.  This  act  shall take effect immediately and shall apply to all
   16  matters arising on or after such effective date and to all matters pend-
   17  ing on such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02929-01-1