Bill Text: NY S02872 | 2023-2024 | General Assembly | Introduced

New York Senate Bill 2872 (Prior Session Legislation)

Introduced

Bill Title: Exempts the metropolitan transportation authority from bond issuance charges otherwise required to be paid to the state.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Engrossed - Dead) 2024-02-26 - referred to corporations, authorities and commissions [S02872 Detail]

Download: New_York-2023-S02872-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          2872

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 25, 2023
                                       ___________

        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.
                                                                   LBD04671-01-3